Natural-gas prices continue lower with U.S. supplies down 152 billion cubic feet

Natural-gas futures continued to trade lower on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity declined by 152 billion cubic feet for the week ended Jan. 29. Analysts polled by Platts expected a fall of between 148 billion and 152 billion cubic feet. Total stocks now stand at 2.934 trillion cubic feet, up 490 billion cubic feet from a year ago and 445 billion cubic feet above the five-year average, the government said. March natural gas was at $2.001 per million British thermal units, down 3.7 cents, or 1.8%. Prices traded $1.997 before the supply data.

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From:: Stock Market News

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