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Commodity News Details
Natural Gas bounces above Rs 300 mark on MCX
16-Jun-2026 16:11
Natural Gas futures recovered as markets eyed broad trends in risk appetite and long-term US output trajectory. Crude oil prices tanked to three-month lows after US-Iran signed peace deal. This kept Natural Gas futures under check too. However, latest Baker Hughes data showed that the US oil and gas rig count fell by one rig to 562 for the week ending June 12. Gas-directed rigs slipped by 3 to 121 -their lowest level since October 2025. This provided a support for Natural Gas and the commodity currently trades at $3.19 per mmbtu, up 1.49% on the day. MCX Natural Gas futures are also up 1.48% at Rs 301.90 per mmbtu. Sentiments have been largely supported for the counter after rebounding above Rs 300 per mmbtu mark.

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