Natural Gas futures gather in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity amid speculation that warmer weather across the US in the coming weeks may boost the demand for the fuel from power plants.The Commodity Weather Group LLC predicted that temperatures in parts of the Midwest and West will rise next week, spurring the need for gas-fired cooling at homes and offices. Meanwhile, US gas supplies climbed by 91 billion cubic feet to 2.668 trillion cubic feet in the week ended July 3, 2015, more than the estimated 85 billion cubic feet by analysts and topping the five-year average gain of 75 billion cubic feet but lower than the 94 billion cubic feet advance in the same period a year ago.At the MCX, Natural Gas futures for July 2015 contract closed at Rs 173 per 1 kg, up by 0.70 per cent after opening at Rs 171.40, against the previous closing price of Rs 171.8. It touched the intra-day high of Rs 173.30 till the closing.
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