COMMODITY TIPS | Natural Gas futures sank more than 2 per cent
during noon trade in the domestic market on Monday as investors and
speculators cut risky bets in the energy commodity amidst caution as
market players awaited weather patterns to show more significant cooling
across the US, which would lead to higher demand for the gas-fired fuel
in the world’s biggest economy.
November to March is the peak heating season in the US. About 49 per
cent of US households use natural gas for heating purposes.
At the MCX, Natural Gas futures for December 2015 contract is trading at
142.90 Rs per mmBtu, down by 2.26 per cent, after opening at Rs 145.60,
against the previous closing price of Rs 146.20. It touched an
intra-day low of Rs 142.60. (At 13:20 PM).
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