Natural-gas Prices Continue Lower After EIA Data

Natural-gas futures on Thursday continued to trade lower after the U.S. Energy Information Administration reported that supplies of natural gas fell 115 billion cubic feet for the week ended Jan. 30. Analysts surveyed by Platts forecast a decline of between 114 billion cubic feet and 118 billion cubic feet. Total stocks now stand at 2.428 trillion cubic feet, up 468 billion cubic feet from a year ago and 29 billion cubic feet below the five-year average, the government said. March natural gas was at $2.617 per million British thermal units, down 4.5 cents, or 1.7%.

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