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Oil and Gas Market Update

Friday, 12 December 2014

Natural gas NGF15, +0.77%  fell 7 cents, or 1.9%, to $3.6340 per million British thermal units. That snapped a two-session winning streak.

Earlier Thursday, the U.S. Energy Information Administration reported that U.S. supplies of natural gas had declined 51 billion cubic feet in the week ended Dec. 5. Analysts had expected a decline around 45 bcf.

 January heating oil HOF5, -0.26%  bucked the trend to gain 1.5 cent, or 0.7%, to end at $2.0614 a gallon. Heating oil on Wednesday hit its lowest finish since September 2010.

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