EIA data show a weekly fall of 134 billion cubic feet in U.S. natural-gas supplies
The U.S. Energy Information Administration reported (http://ir.eia.gov/ngs/ngs.html) on Thursday that domestic supplies of natural gas declined by 134 billion cubic feet for the week ended Jan. 8. On average, the data were expected to show a drop of 123 billion cubic feet for the week, according to analysts polled by S&P Global Platts. Total stocks now stand at 3.196 trillion cubic feet, up 126 billion cubic feet from a year ago, and 218 billion cubic feet above the five-year average, the government said. Following the data, February natural gas was up 3.1 cents, or 1.1%, to $2.758 per million British thermal units. It traded at $2.761 shortly before the data (http://www.marketwatch.com/story/oil-prices-weaken-after-fall-in-december-china-crude-imports-11610630758).
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 14, 2021 10:35 ET (15:35 GMT)
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