Weather Impact

MCX Live News

Natural gas prices concluded the trading session with an increase of 2.68% at Rs 352, influenced by mixed weather forecasts that contributed to fluctuations in demand expectations. Commodity Weather Group reported that the first week of February will experience slightly colder-than-normal conditions across the eastern U.S., which is likely to bolster near-term heating demand. This Read More

MCX Live News

Natural gas prices experienced an increase, closing up by 1.81% at Rs 326.4, bolstered by anticipations that severe cold weather will significantly elevate heating demand while simultaneously restricting production due to freeze-offs at oil and gas wells. Weather forecasts suggest that temperatures are likely to stay predominantly below normal until February 5, with the most Read More