Upbeat supplies data lifts Natural Gas
06/04/2015 09:46
Natural Gas futures rallied in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected drop in US gas supplies signaled improving demand for the heating fuel in the world’s biggest gas consumer.
US gas stockpiles fell 18 billion cubic feet in the week ended March 27, compared to expectations of a decline of 10 billion cubic feet, and a rise of 12 billion cubic feet in the prior week.
At the MCX, Natural Gas futures for April 2015 contract closed at Rs 169 per 1 kg, up by 3.17 per cent after opening at Rs 163.5, against the previous closing price of Rs 163.8. It touched the intra
06/04/2015 09:46
Natural Gas futures rallied in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected drop in US gas supplies signaled improving demand for the heating fuel in the world’s biggest gas consumer.
US gas stockpiles fell 18 billion cubic feet in the week ended March 27, compared to expectations of a decline of 10 billion cubic feet, and a rise of 12 billion cubic feet in the prior week.
At the MCX, Natural Gas futures for April 2015 contract closed at Rs 169 per 1 kg, up by 3.17 per cent after opening at Rs 163.5, against the previous closing price of Rs 163.8. It touched the intra
