Natural Gas extends rally on cooling demand prospects
30/04/2015 12:38
Natural Gas futures rallied in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as latest weather forecasts called for above-normal temperatures in the US that may boost demand from gas-fired power plants.
The MDA Weather Services has called for warmer than usual weather across most of the contiguous US from May 4 through May 13, 2015.
At the MCX, Natural Gas futures for May 2015 contract is trading at Rs 166 per 1 kg, up by 0.24 per cent after opening at Rs 165.8, against the previous closing price of Rs 165.6. It touched the intra-day high of Rs 166.2 till the closing. (At 12:28 PM).
30/04/2015 12:38
Natural Gas futures rallied in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as latest weather forecasts called for above-normal temperatures in the US that may boost demand from gas-fired power plants.
The MDA Weather Services has called for warmer than usual weather across most of the contiguous US from May 4 through May 13, 2015.
At the MCX, Natural Gas futures for May 2015 contract is trading at Rs 166 per 1 kg, up by 0.24 per cent after opening at Rs 165.8, against the previous closing price of Rs 165.6. It touched the intra-day high of Rs 166.2 till the closing. (At 12:28 PM).
