Natural-gas Futures Pare Some Losses As U.S. Supplies Edge Lower

Natural-gas futures pared some of their earlier losses Thursday after the U.S. Energy Information Administration reported that supplies of the commodity fell by 3 billion cubic feet for the week ended April 8. Analysts polled by Platts forecast a decline of 1 billion to a climb of 3 billion cubic feet. Total stocks now stand at 2.477 trillion cubic feet, up 956 billion cubic feet from a year ago and 849 billion cubic feet above the five-year average, the government said. May natural gas fell 3.1 cents, or 1.6%, to $2.005 per million British thermal units. Prices traded at $1.98 before the supply data.

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