Index trends

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Commodity focus

The US energy department has predicted that natural gas production will continue to grow. Natural gas futures fell for five consecutive days on the New York Exchange and was headed for the biggest weekly drop in 17 years after a government report showed a US stockpile decline that was lower than forecasts. NYMEX natural gas prices crashed by a huge 31.60%, to $4.441/mmBtu on 27th February, from a high of $6.493 on 24th February. On the MCX, February futures crashed by 31.14%, from a high of Rs402.7/Mmbtu to a low of Rs277.3/mmBtu, over the same period.

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MCX price trends

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