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EIA reports a slightly smaller-than-expected weekly decline in U.S. natural-gas supply
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 93 billion cubic feet for the week ended March 9. Analysts surveyed by S&P Global Platts had forecast a decrease of 100 billion, while the five-year average withdrawal is 97 billion. Total stocks now stand at 1.532 trillion cubic feet, down 718 billion cubic feet from a year ago, and 296 billion below the five-year average, the government said. April natural gas NGJ18, -0.07% was down 3.2 cents, or 1.2%, at $2.699 per million British thermal units, down from $2.728 before the data.