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Commodity focus

The Energy Information Administration (EIA) in United States said supplies of natural gas rose 62 billion cubic feet (bcf) in the week ended 15 June 2012, lower than 63bcf-67bcf predicted by analysts polled by Platts. This pushed natural gas prices up further. Natural gas on MCX has increased by over 18% since beginning of FY12-13, to Rs151/mmBtu. Prices are expected to increase as...

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