Natural gas on MCX settled up 1.6% at 164.8 as the market focused more on forecasts for cold weather to continue into November instead of a big storage build and a less cold outlook for next week.
Trading Ideas:
* Natural gas trading range for the day is 158.9-169.1.
* Natural gas settled up as the market focused more on forecasts for cold weather to continue into November instead of a big storage build and a less cold outlook for next week.
* The U.S. EIA said utilities added a bigger-than-usual 87 billion cubic feet (bcf) of gas to storage during the week ended Oct. 18.
* The increase during the prior week ended Oct. 11 boosted total inventories over the five-year average for this time of year for the first time since September 2017.
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