The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies decreased by 100 billion cubic feet in the week ended Feb. 10. Total working gas stocks in storage for that week was at 2.266 trillion cubic feet, up 328 billion cubic feet from a year ago. Following the data, prices for March natural gas rose 1.5 cents to $2.486 per million British thermal units on the New York Mercantile Exchange. The supply data was lower than the average analyst forecast of 109 billion cubic feet.
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 100 billion cubic feet for the week ended Feb. 10. That compared with an average analyst forecast for a decline of 109 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage for the latest week was at 2.266 trillion cubic feet, up 328 billion cubic feet from a year ago and 183 billion cubic feet above the five-year average, the government said. Following the data, March natural gas
NGH23,
was up 1.5 cents, or 0.6%, at $2.486 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.489 before the supply data.
