nat gas higher after supply data for a change :)

 

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Feb. 21, 2013, 10:35 a.m. EST

Natural-gas prices head higher after EIA data


 

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.

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Permalink Reply by Dion Warr, CPL on February 21, 2013 at 7:03

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.

Permalink Reply by adubu on February 21, 2013 at 12:51

The groundhog Saw Obama-- He may never come back out :))

Permalink Reply by RONNY on February 22, 2013 at 1:09

ROFL!!!!!!!!!!!!!! thanks adubu

Permalink Reply by JHH on February 22, 2013 at 2:22

HAHAHAHAHAHA!

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