Thursday, January 10, 2013 10:49 am
US natural gas supplies fell last week
The Associated Press
The Energy Department's Energy Information Administration reported that natural gas in storage shrank by 201 billion cubic feet to 3.316 trillion cubic feet for the week ended Jan. 4.
Analysts expected a draw of 183 billion to 187 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
The inventory level was 10.7 percent above the five-year average of 2.996 trillion cubic feet, and 2.6 percent below last year's level of 3.404 trillion cubic feet, according to the government data.
Natural gas rose 6 cents to $3.19 per 1,000 cubic feet in New York.