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.