FOX

Natural-gas Prices Move Lower As U.S. Supplies Decline By 70 Billion Cubic Feet


By Myra P. Saefong Published February 11, 2016 / Markets / MarketWatch Pulse


Natural-gas futures moved lower on Thursday after the U.S. Energy
Information Administration reported that supplies of the commodity
declined by 70 billion cubic feet for the week ended Feb. 5. That was
less than the fall of between 81 billion and 85 billion cubic feet
expected by analysts polled by Platts. Total stocks now stand at 2.864
trillion cubic feet, up 573 billion cubic feet from a year ago and 543
billion cubic feet above the five-year average, the government said.
March natural gas was at $2.017 per million British thermal units,
down 2.9 cents, or 1.4%. Prices traded $2.055 before the supply data.


Copyright © 2016 MarketWatch, Inc.


FUTURES AND OPTIONS TRADING INVOLVE SIGNIFICANT RISK OF LOSS AND
MAY NOT BE SUITABLE FOR EVERYONE. OPTIONS, CASH AND FUTURES
MARKETS ARE SEPARATE AND DISTINCT AND DO NOT NECESSARILY
RESPOND IN THE SAME WAY TO SIMILAR MARKETS STIMULUS. A MOVEMENT
IN THE CASH MARKET WOULD NOT NECESSARILY MOVE IN TANDEM WITH THE
RELATED FUTURES & OPTIONS CONTRACT BEING OFFERED. SEASONAL
DEMAND AND CURRENT NEWS IN COMMODITIES ARE ALREADY REFLECTED
IN THE PRICE OF THE UNDERLYING FUTURES.