Natural Gas futures retire in the home
market on Monday as investors and speculators exited positions in the
energy commodity as forecasts for moderate July heat across parts of
the US curbed the demand outlook for the weather-sensitive fuel as
need for gas-fired cooling demand by power plants diminishes.
The Commodity Weather Group LLC
predicted more seasonal temperatures in the US East Coast through
July 20, 2015.
Natural gas is used for cooling reason
by about 49 % of American households.
At the MCX, Natural Gas futures for
July 2015 contract closed at Rs 175.70 per 1 kg, down by 0.23 per
cent after start at Rs 175.50, against the back closing price of Rs
176.10. It touched the intra-day low of Rs 174.10 till the closing.
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