Loading…
Natural gas settled 1.59% lower at Rs. 272.70 per mmBtu as mild US weather forecasts and recovering domestic output weighed on prices.
Inventories rose 80 bcf in the week ended October 23, to 3.724 trillion cubic feet, and speculative net shorts increased.
Mild US weather and rising output reduce heating demand and pressure gas prices, with little direct effect on feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.