Natural gas futures rise for 7th straight day

Natural gas futures price traded higher for the seventh successive day on short-covering of positions by participants as seen by the open interest. The gas price had risen 1 percent yesterday on the NYMEX.

The energy commodity extended gains to trade at day’s high after a flat to gap-down start, tracking the firm overseas cues.

On the MCX, natural gas delivery for August soared Rs 1.90, or 0.63 percent, to Rs 305.20 per mmBtu at 14:29 hours with a business turnover of 15,373 lots.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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