Mumbai, May 5 -- Natural Gas futures edged up today, adding to latest gains amid supportive cues from equities and steady demand. The benchmark US Natural Gas futures are quoting at $3.70 per mmbtu, up 2% on the day. This is the highest level in nearly three weeks for the counter. Market is eying the US supplies. The US Energy Information Administration or EIA has noted in a latest update that after a relatively warm start to the 2024-25 winter heating season (November-March), colder-than-normal temperatures across much of the United States in January and February resulted in increased consumption of natural gas and more withdrawals from US natural gas storage than normal. By the end of March, the least amount of natural gas was held in US ...
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