Natural Gas plunges with winter drawing to a
close
18/02/2015 09:41
Natural Gas futures closed on a bearish note in the domestic and overseas market on Tuesday as investors and speculators exited positions in the energy commodity as traders eyed the close of the winter season in the US, the world’s biggest fuel consumer, which will curb heating demand. The MDA Weather Services predicted moderate temperatures following a frigid end to the month of February. At the MCX, Natural Gas futures for February 2015 contract closed at Rs 169.20 per 1 kg, down by 5.7 per cent after opening at Rs 178.1, against the previous closing price of Rs 179.4. It touched the intra-day high of Rs 168.4 till the closing.
18/02/2015 09:41
Natural Gas futures closed on a bearish note in the domestic and overseas market on Tuesday as investors and speculators exited positions in the energy commodity as traders eyed the close of the winter season in the US, the world’s biggest fuel consumer, which will curb heating demand. The MDA Weather Services predicted moderate temperatures following a frigid end to the month of February. At the MCX, Natural Gas futures for February 2015 contract closed at Rs 169.20 per 1 kg, down by 5.7 per cent after opening at Rs 178.1, against the previous closing price of Rs 179.4. It touched the intra-day high of Rs 168.4 till the closing.
