MW: U.S. natural gas inventories fall 102 bcf: EIA
U.S. natural gas inventories fell by 102 billion cubic feet in the week ended Feb. 27, the Energy Information Administration reported Thursday. Analysts had expected a decline of a similar amount. After the data, natural gas for April delivery fell 4 cents, or 0.9%, to $4.30 per million British thermal units on the New York Mercantile Exchange. At 1,793 billion cubic feet, stocks were 270 billion cubic feet higher than last year at this time and 218 billion cubic feet above the five-year average, the EIA reported.
