Natural Gas futures close higher ahead of storage data
30/04/2015 09:44
Natural gas futures closed higher in the domestic and overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity with all eyes on the weekly US storage data due on Thursday to monitor the strength of demand for the fuel in the world’s biggest economy. US supplies probably climbed 86 billion cubic feet in the week ended April 24, 2015, the EIA may say on Thursday, while supplies climbed 77 billion cubic feet a year ago with the five-year average gains at 55 billion cubic feet. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 161.5 per 1 kg, up by 0.75 per cent after opening at Rs 159.7, against the previous closing price of Rs 160.3. It touched the intra-day low of Rs 162.2 till the closing
30/04/2015 09:44
Natural gas futures closed higher in the domestic and overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity with all eyes on the weekly US storage data due on Thursday to monitor the strength of demand for the fuel in the world’s biggest economy. US supplies probably climbed 86 billion cubic feet in the week ended April 24, 2015, the EIA may say on Thursday, while supplies climbed 77 billion cubic feet a year ago with the five-year average gains at 55 billion cubic feet. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 161.5 per 1 kg, up by 0.75 per cent after opening at Rs 159.7, against the previous closing price of Rs 160.3. It touched the intra-day low of Rs 162.2 till the closing
