EIA reports drop in U.S. natural-gas supply that's more than double the 5-year average
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 359 billion cubic feet for the week ended Jan. 5. Analysts surveyed by S&P Global Platts forecast a decrease of 337 billion, while the five-year average withdrawal is 169 billion. Total stocks now stand at 2.767 trillion cubic feet, down 415 billion cubic feet from a year ago, and 382 billion below the five-year average, the government said. February natural gas NGG18, +3.68% rose 11.5 cents, or 4%, to $3.021 per million British thermal units, down from $3.034 before the data.
- Posted: Jan 11, 2018 10:39am
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