: EIA reports a smaller-than-expected weekly decline in U.S. natural-gas supplies
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 47 billion cubic feet for the week ended March 24. That compared with expectations for a decline of 56 billion cubic feet, according to a survey of analysts by The Wall Street Journal. Total working gas stocks in storage for the latest week was at 1.853 trillion cubic feet, up 442 billion cubic feet from a year ago and 321 billion cubic feet above the five-year average, the government said. Following the data, May natural gas NGK23 was down 5.5 cents, or 2.5%, at $2.129 per million British thermal units on the New York Mercantile Exchange, little changed from before the supply data.
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