Natural Gas resumes corrective action

US natural gas futures slipped today, reverting back to losses. The counter eased last week amid deep losses in crude oil and mixed US weather outlooks. The benchmark futures tested lowest since October 2024 before edging higher. However, WTI Crude oil tanked more than 5% in last session, keeping a lid on gas prices. Natural Gas futures are currently trading at $2.64 per mmbtu, down 1.70% on the day as a drop from two-week high extended. MCX Natural Gas futures are currently trading at Rs 247.80 per mmbtu, down 1.55% on the day. It opened lower and added to losses throughout the session.

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