Natural gas for physical delivery in the U.S. was trading for as much as $500 per million British thermal units on Monday as demand for the heating and power plant fuel soared amid a deep freeze.
NATURAL GAS MCX SELL BETWEEN 197—198 TARGET 192 — 190 SL PAID. Natural gas futures jumped to settle at Rs 191.40 per mmBtu on December 11 as participants trimmed their position as seen by the open interest. Natural gas price had risen 0.42 percent during the week.
MCX Natural Gas tips yesterday settled down by 2.42% at 201.2 as output continues to rise as wells return after Hurricane Delta and on forecasts for less demand this week than previously expected.