SAN FRANCISCO (MarketWatch) -- Natural-gas futures climbed Thursday after the Energy Information Administration reported a fall in U.S. inventories that was larger than expected. Supplies fell 127 billion cubic feet for the week ended Feb. 15, the EIA said. Analysts polled by Platts forecast a decline between 117 billion and 121 billion cubic feet. Total stocks now stand at 2.4 trillion cubic feet, down 242 billion cubic feet from the year-ago level and 361 billion cubic feet above the five-year average, the government said. March natural gas /quotes/zigman/2294272 NGH13 +0.40% was at $3.32 per million British thermal units, up almost 4 cents, or 1.1%. It was trading nearly flat at $3.28 shortly before the data.
nat gas higher after supply data for a change :)
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Permalink Reply by Dion Warr, CPL on -
Adubu:
I had thought the same thing... Now if we can dissuade the groundhog from following through on his forecast and allow a few more winter events to occur across the Midwest , we could drain off supplies a little faster.
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