Cold weather outlook boosts Natural Gas
08/04/2015 09:32
Natural Gas futures closed higher in the domestic and overseas market on Tuesday as investors and speculators booked fresh positions in the energy commodity amid speculation that cooler than normal temperatures may boost heating demand for the fuel in the world’s biggest fuel consumer. The MDA Weather Services in Maryland predicted average or below average temperatures across most states east of the Rocky Mountains from April 17 to April 21, 2015. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 168.40 per 1 kg, up by 1.57 per cent after opening at Rs 166.5, against the previous closing price of Rs 165.8. It touched the intra-day high of Rs 169.9 till the closing.
08/04/2015 09:32
Natural Gas futures closed higher in the domestic and overseas market on Tuesday as investors and speculators booked fresh positions in the energy commodity amid speculation that cooler than normal temperatures may boost heating demand for the fuel in the world’s biggest fuel consumer. The MDA Weather Services in Maryland predicted average or below average temperatures across most states east of the Rocky Mountains from April 17 to April 21, 2015. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 168.40 per 1 kg, up by 1.57 per cent after opening at Rs 166.5, against the previous closing price of Rs 165.8. It touched the intra-day high of Rs 169.9 till the closing.
