EIA reports weekly decline of 43 billion cubic feet in U.S. natural-gas supplies
Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas fell by 43 billion cubic feet for the week ended March 24. That matched the decline expected by analysts polled by S&P Global Platts. Total stocks now stand at 2.049 trillion cubic feet, down 423 billion cubic feet from a year ago, but 250 billion cubic feet above the five-year average, the government said. May natural gas was down 3.5 cents, or 1.2%, from Wednesday's settlement at $3.196 per million British thermal units. It traded around that same level before the supply data.
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