Natural Gas slides more than 2% ahead of US storage data

US Natural Gas futures eased after rising to a three-week high earlier this week. Prices had gained as a break above $3 per mmbtu mark extended. However, prices failed to break above $3.40 per mmbtu as focus shifted on near term weather patterns. Futures are quoting at $3.27 per mmbtu right now, down 2.10% on the day amid firm US dollar index. EIA will release its weekly US Natural Gas storage later on today. MCX Natural gas futures are down 1.37% at Rs 308.80 per mmbtu, giving up after a firm start.

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