MW: Natural-gas prices fall further after EIA data
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures extended losses Thursday after the Energy Information Administration reported a decline in U.S. inventories that was a bit less than expected. Supplies fell 157 billion cubic feet for the week ended Feb. 8, the EIA said. Analysts polled by Platts forecast a decline between 160 billion and 164 billion cubic feet. Total stocks now stand at 2.527 trillion cubic feet, down 270 billion cubic feet from the year-ago level and 348 billion cubic feet above the five-year average, the government said. March natural gas NGH13 -3.54% was at $3.19 per million British thermal units, down 12 cents, or 3.5%. It was trading around $3.28 shortly before the data.
