MW: Natural gas turns higher after EIA supply data
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned higher Thursday after the Energy Information Administration reported that inventories of the commodity fell more than expected, by 73 billion cubic feet for the week ended Nov. 30. Analysts polled by Platts forecasted a fall between 64 billion cubic feet and 68 bcf. Total stocks now stand at 3.804 trillion cubic feet, down 33 billion cubic feet from the year-ago level and 168 billion cubic feet above the five-year average, the government said. January natural gas NGF13 -0.16% was at $3.71 per million British thermal units, up 1 cent. It was trading around $3.67 shortly before the data.
