MW: Natural-gas futures fall further after EIA data
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures on Thursday fell further after the U.S. Energy Information Administration reported that supplies of natural gas dropped 250 billion cubic feet for the week ended Feb. 14. The drop was within market expectations as analysts surveyed by Platts forecast a decline of between 248 billion cubic feet and 252 billion cubic feet. Total stocks now stand at 1.443 trillion cubic feet, down 975 billion cubic feet from a year ago and 741 billion cubic feet below the five-year average, the government said. March natural gas NGH14 -3.19% was at $5.93 per million British thermal units, down 22 cents, or 3.5%. It was trading at $6.09 before the data.
