Natural gas futures rose to Rs 141.60 per mmBtu on July 7 as participants increased their long positions. The commodity had risen 5.5 percent on the NYMEX on July 6.
Prediction of warm weather in the US, which may aid increased cooling demand, and upbeat economic data, which is suggesting a rebound in the US economy, is aiding prices.
In the futures market, natural gas for July delivery touched an intraday high of Rs 141.80 and an intraday low of Rs 134.80 per mmBtu on the Multi-Commodity Exchange (MCX).
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