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EIA data reveal a bigger-than-expected weekly decline in U.S. natural-gas supplies

36926 eia data reveal a bigger than expected weekly decline in us natural gas supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 33 billion cubic feet for the week ended April 1. That compared with an average weekly decline of 27 billion forecast by analysts surveyed by S&P Global Commodity Insights. Total supplies in storage stand at 1.382 trillion cubic feet, down 399 billion cubic feet from a year ago and 285 billion cubic feet below the five-year average, the government said. Following the data, May natural gas NGK22, +1.86% rose 8 cents, or 1.3%, at $6.109 per million British thermal units. Prices traded at $6.032 before the supply data.

Source: Marketwatch

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