Natural-gas Prices Down More Than 1% After EIA Data

Natural-gas futures on Thursday fell after the U.S. Energy Information Administration reported that supplies of natural gas declined by 160 billion cubic feet for the week ended Feb. 6. Analysts surveyed by Platts forecast a fall of between 166 billion cubic feet and 170 billion cubic feet. Total stocks now stand at 2.268 trillion cubic feet, up 542 billion cubic feet from a year ago and 11 billion cubic feet below the five-year average, the government said. March natural gas was at $2.76 per million British thermal units, down 3.7 cents, or 1.3%. It was trading around $2.78 before the data.

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