Natural Gas futures off four-week low ahead of EIA storage data

Natural Gas futures are stabilizing after slide in last session. The commodity fell more than 2% yesterday and neared one-month low as good supply and LNG feed gas interruptions weighed on sentiments. The counter saw some support from these levels though and is currently trading at $2.85 per mmbtu, up 1.40% on the day. However, the EIA US Natural Gas weekly inventories data is due today. MCX Natural Gas futures are quoting at Rs 270.10 per mmbtu, up 1.80% on the day after witnessing good support around Rs 268 per mmbtu mark.

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