EIA reports a modest decline in U.S. natural-gas supplies
The U.S. Energy Information Administration reported Thursday a modest decline in U.S. natural-gas supplies|NEW] that domestic supplies of natural gas fell by 47 billion cubic feet for the week ended March 15. The data included a slight upward revision to the previous week's total stocks. Analysts polled by S&P Global Platts had expected a decline of 48 billion cubic feet. Total stocks now stand at 1.143 trillion cubic feet, down 315 billion cubic feet from a year ago and 556 billion below the five-year average, the government said. April natural gas traded at $2.811 per million British thermal units, down about a penny, or 0.3%, from Wednesday's settlement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.