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Natural-gas prices extend gains as U.S. supplies fall a bit more than expected
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 18 billion cubic feet for the week ended April 20. Analysts surveyed by S&P Global Platts had forecast a decrease of 12 billion cubic feet but on average over the last five years for the same week, inventories climbed by 60 billion cubic feet. Total stocks now stand at 1.281 trillion cubic feet, down 897 billion cubic feet from a year ago, and 527 billion below the five-year average, the government said. May natural gas NGK18, +0.86% which expires at the day's settlement, rose 2.3 cents, or 0.8%, at $2.81 per ... (full story)