The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 288 billion cubic feet for the week ended Jan. 19. Analysts surveyed by S&P Global Platts forecast a decrease of 272 billion, while the five-year average withdrawal is 164 billion. Total stocks now stand at 2.296 trillion cubic feet, down 519 billion cubic feet from a year ago, and 486 billion below the five-year average, the government said. February natural gas was down 2.9 cents, or 0.8%, at $3.48 per million British thermal units, up from $3.464 before the data.
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