Natural-gas futures turned lower Thursday after the U.S. Energy Information Administration reported that supplies of natural gas fell by 49 billion cubic feet for the week ended Dec. 30. That was well below the 106 billion cubic feet expected by Citi Futures.
Total stocks now stand at 3.311 trillion cubic feet, down 364 billion cubic feet from a year ago and 21 billion cubic feet below the five-year average, the government said. February natural gas NGG17, -1.65% lost 9.1 cents, or 2.8%, to $3.176 per million British thermal units. It traded at $3.288 before the data.
via MarketWatch
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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