MW: U.S. natural gas inventories down 186 bcf last week
U.S. natural gas inventories fell 186 billion cubic feet in the week ended Jan. 23, the Energy Information Administration reported Thursday. Stocks were 34 billion cubic feet higher than last year at this time and 29 billion cubic feet above the five-year average. Analysts at IHS Global Insight had expected a storage withdrawal of 192 billion cubic feet. After the data, March natural gas rose 7 cents, or 1.6%, to $4.49 per million British thermal units.
