EIA Reports Fall Of 42 Billion Cubic Feet In U.S. Natural-gas Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

The U.S. Energy Information Administration reported Thursday that supplies of natural gas fell by 42 billion cubic feet for the week ended Dec. 2. Analysts polled by S&P Global Platts forecast a decline of 40 billion cubic feet. Total stocks now stand at 3.953 trillion cubic feet, up 51 billion cubic feet from a year ago and 254 billion cubic feet above the five-year average, the government said. January natural gas was up half a cent at $3.608 per million British thermal units. It traded at $3.64 before the data.

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