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

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.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below