EIA reports a weekly decline in natural-gas supplies
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 59 billion cubic feet for the week ended Nov. 26. That matched the average decline forecast by analysts polled by S&P Global Platts, and compared with a five-year average decrease of 31 billion cubic feet for the period. Total stocks now stand at 3.564 trillion cubic feet, down 375 billion cubic feet from a year ago and 86 billion cubic feet below the five-year average, the government said. Following the data, January natural gas traded up by 2.3 cents, or 0.5%, at $4.281 per million British thermal units. Prices were at $4.268 shortly before the data.
-Myra P. Saefong
(END) Dow Jones Newswires
December 02, 2021 10:40 ET (15:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.