Commodity Online MUMBAI: Natural gas futures in the domestic futures went down in the line with global market sentiments on Friday. The US inventories data showed increase in the stockpiles.
MCX Natural gas futures for July are trading at Rs 178.80, down Rs 1.30 per mmbtu. The movement is likely to be dull and some bargain buying may emerge after the recent wave of correction in the commodity. Expect dips to Rs 177-178 to provide a buying opportunity.
Trade commodities or equities from across the globe. Join NowSeptember natural gas dropped 18.7 cents to $3.757, the lowest close in nine weeks. The US natural gas reserve base now stands at 1,836 trillion cubic feet, according to the Potential Gas Committee of the Colorado School of Mines, a nonprofit group that analyzes US reserves.
