U.S. Natural-gas Supplies Down 152 Billion Cubic Feet Last Week: EIA

By Myra P. Saefong Markets MarketWatch Pulse

Data from the U.S. Energy Information Administration showed that supplies of natural gas fell by 152 billion cubic feet for the week ended Feb. 3. That was in line with the decline of 151 billion expected by analyst polled by S&P Global Platts. Total stocks now stand at 2.559 trillion cubic feet, down 325 billion cubic feet from a year ago, but 45 billion cubic feet above the five-year average, the government said. The data included "reclassification" from working gas, which is available to the market, to base gas, which is not. That resulted in a decrease for working gas stocks of about 5 billion cubic feet in the Pacific region, the EIA said. March natural gas rose 1.4 cents, or 0.5%, from Wednesday's settlement to $3.14 per million British thermal units. It traded at $3.169 before the data.

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