Natural-gas prices up more than 1% after EIA data ( NGF14 ) by Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures on Thursday added to gains then pared them after the U.S. Energy Information Administration reported that supplies of natural gas fell 81 billion cubic feet for the week ended Dec. 6. The fall was generally within market expectations as analysts surveyed by Platts forecast a drop of between 79 billion cubic feet and 83 billion cubic feet. Total stocks now stand at 3.533 trillion cubic feet, down 273 billion cubic feet from a year ago and 109 billion cubic feet below the five-year average, the government said. January natural gas (ngf14) was at $4.39 per million British thermal units, up 5 cents, or 1.2%. It was trading around $4.38 before the data, then climbed to as high as $4.41 and as low as $4.35 after them
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near…
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