MARKET NEWS

Natural-gas prices move lower as U.S. supplies decline by 70 billion cubic feet


Published: Feb 11, 2016 10:38 a.m. ET
By Myra P. Saefong / MARKETS/COMMODITES REPORTER


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 fiveyear
average, the government said. March natural gas ngh16 was at
$2.017 per million British thermal units, down 2.9 cents, or 1.4%. Prices
traded $2.055 before the supply data.


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.