Natural gas futures traded firm at Rs 226 per mmBtu on November 12 as participants increased their long positions as seen by the open interest. Natural gas price had jumped 2.8 percent yesterday on the NYMEX.
Market players are likely to take further cues from the US Energy Information Agency weekly data to be released later in the day.
The gas prices benefitted from increased storm activity in the Atlantic, however, the forecast of mild weather in parts of the US would cap the upside.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.