Natural Gas spikes near three-week high

The US Natural Gas futures spiked on Tuesday as ramped-up US exports are expected to pull down the domestic supplies. The commodity moved up around 3.66% in last session and currently trades at $3.35 per mmbtu, up 0.82% on the day. These are the highest levels in nearly three-weeks. Gas futures will likely be eying the weekly US storage data due to come out tomorrow. MCX Natural gas futures soared 3.67% at Rs 313.3 per MMBtu in last session. The open interest in the counter posted a sharp decline of 20.80%. The counter hit above Rs 317 per mmbtu today in morning trades and currently quotes at Rs 314.30 per mmbtu, up 0.42% on the day.

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