Natural gas prices jumped on larger-than-expected decline in inventories.
Natural gas for February NGG15, +1.61% delivery rose nearly 6 cents, or 2%, to end at $2.9270 per million British thermal units, as stockpiles fell. Natural-gas inventories declined 131 billion cubic feet in the week ended Jan. 2, the U.S. Energy Information Administration said. Analysts polled by Platts had expected a decline between 117 bcf and 121 bcf.
Natural gas for February NGG15, +1.61% delivery rose nearly 6 cents, or 2%, to end at $2.9270 per million British thermal units, as stockpiles fell. Natural-gas inventories declined 131 billion cubic feet in the week ended Jan. 2, the U.S. Energy Information Administration said. Analysts polled by Platts had expected a decline between 117 bcf and 121 bcf.
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