Tuesday, 9 February 2016

Today's Mcx Market Update on natural gas

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Natural Gas futures surged by more than 4.5 per cent in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a bullish trend in the overseas market as forecasts for cold weather across parts of the US over the next two weeks bolstered the demand outlook for the heating fuel in the world’s biggest gas consuming nation. 

At the MCX, Natural Gas futures for February 2016 contract closed at Rs 145.9 per mmBtu, up by 4.59 per cent, after opening at Rs 140.9, against the previous closing price of Rs 139.5. It touched an intra-day high of 147.8.

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