ZOID RESEARCH 10-JUNE-2014 : NATURAL GAS

US natural gas futures ended 1.4 percent lower on Monday on forecasts for moderate weather and expectations of another bigger-than-normal storage build. Gas in storage stands at 1.499 trillion cubic feet, still an 11-year low for this time of year as utilities work to refill storage after a cold winter.

On the MCX, natural gas prices declined by 0.86 percent and closed at Rs.276.60/mmbtu.


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