Thursday, 11 February 2016
Today Mcx Natural Gas News
SEE MORE MCX TIPS UPDATE VISIT US :-
Natural Gas futures slumped by 4 per cent in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts calling for warmer than average temperatures in the US later in February threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation.
About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season.
Caution ahead of Thursday’s weekly US storage data which will offer fresh cues over the demand for the fuel in the country also weighed on sentiment.