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Natural-gas futures continue lower after EIA data
Natural-gas futures on Thursday continued lower after the U.S. Energy Information Administration reported that supplies of natural gas fell 95 billion cubic feet for the week ended Feb. 21. The decline was a bit less than market expectations as analysts surveyed by Platts forecast a decline of between 102 billion cubic feet and 106 billion cubic feet. Total stocks now stand at 1.348 trillion cubic feet, down 905 billion cubic feet from a year ago and 711 billion cubic feet below the five-year average, the government said. April natural gas (NMN:NGJ14) was at $4.52 per million British thermal units, down 2 cents, or ... (full story)
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