EIA reports a slightly bigger-than-expected weekly fall in U.S. natural-gas supplies
The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage declined by 117 billion cubic feet for the week ended Dec. 1. On average, analysts surveyed by S&P Global Commodity Insights forecast a weekly fall of 105 billion cubic feet. Total working gas in storage for the week was at 3.719 trillion cubic feet, up 254 billion cubic feet from a year ago and 234 billion cubic feet above the five-year average, the government said. In Thursday dealings, January natural gas (NGF24) traded at $2.585 per million British thermal units, up 1.6 cents, or 0.6%, on the New York Mercantile Exchange. Prices traded at $2.577 ahead of the supply data.
-Myra P. Saefong
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12-07-23 1033ET
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