MCX Live Natural Gas Update – I Told You Buy 500—1000 lots or So Jaao
Watch 178 To 185.60 – What Next? — Neal Bhai Reports
Free Natural Gas Live Tips : Natural Gas Tips Provider Neal Bhai – Buy 500 – 1000 Lots and So Jaao
Rona Mana Hai, Trade With Neal Bhai and Mint Money
A survey showed analysts were looking for a zone of 79 Bcf to 108 Bcf, with a median 87 Bcf injection. InternationalExchange (ICE) EIA Financial WeeklyIndex futures settled Tuesday at a build of 86 Bcf. Natural Gas Intelligence’s (NGI) model predicted an 89 Bcf injection. Reuters predicted a build of 88 Bcf, down from last week’s 123 Bcf build.
Last year, the EIA recorded an 85 Bcf build for the period, and the five-year average is an injection of 72 Bcf.
Total stocks now stand at 1.547 trillion cubic feet, up 128 billion cubic feet from a year ago, but 303 billion below the 303 billion below the five-year average, the government said.
OPEC Releases Friendly Report
U.S. West Texas Intermediate and internationalBenchmark Brent crude oil are trading lower, but up from their intraday lows. Some of the strength at the midsession was fueled by a strongrecovery in the stockmarket after President Trump said a trade deal with China was still a possibility.
Also helping to underpin prices was a report that showed crudeoil production in OPEC edged higher by a modest 30,000 barrels per day (bpd) to 30.26 million bpd last month. The S&P Global Platts survey showed the first increase after four months of steady declines.
The report also showed production in Iran and Angola declined, but increased in Nigeria, Iraq and Libya. The S&P Platts survey also revealed surprisingly that production in Venezuela stabilized last month. – Neal Bhai Reports
