Natural gas futures fell slightly on October 28 as the market waited for the Energy Information Administration’s (EIA) weekly inventory report to be released later that day.
NYMEX:- Wednesday gas prices rose 5.44 percent.
Energy commodities followed a calm global trend, compensating for early morning losses to trade negative in the afternoon trading.
At the MCX, the natural gas supply in November decreased by 1.90 rupees (0.41%) to 463.80 rupees/mmBtu at 2:55 pm, recording business sales of 5,573 lots. In December gas transport volume decreased by 3 rupees (0.63%) to 470.20 rupees, and the transaction volume was 1,153 lots.
The November and December contracts traded so far were valued at Rs 1.1039 trillion and Rs 61.91 billion, respectively.