Natural Gas tumbles on waning cold snap
03/02/2015 09:31
Natural Gas futures plunged in the domestic and overseas market on Monday as forecasts for milder weather in the US dimmed the demand outlook for the heating fuel.
The Commodity Weather Group LLC predicted seasonal temperatures from the Great Plains through the East Coast from February 7 through February 17, 2015.
At the MCX, Natural Gas futures for February 2015 contract closed at Rs 165.4 per 1 kg, down by 1.78 per cent after opening at Rs 168, against the previous closing price of Rs 168.4. It touched the intra-day low of Rs 162.4 till the closing
03/02/2015 09:31
Natural Gas futures plunged in the domestic and overseas market on Monday as forecasts for milder weather in the US dimmed the demand outlook for the heating fuel.
The Commodity Weather Group LLC predicted seasonal temperatures from the Great Plains through the East Coast from February 7 through February 17, 2015.
At the MCX, Natural Gas futures for February 2015 contract closed at Rs 165.4 per 1 kg, down by 1.78 per cent after opening at Rs 168, against the previous closing price of Rs 168.4. It touched the intra-day low of Rs 162.4 till the closing
