Natural Gas Falls to Nearly-Three-Month Low

17 Feb 2017   Prices

Natural gas fell to new lows after storage levels failed to shrink as quickly as analysts expected, a bearish signal that the market may be oversupplied in the months to come. The U.S. Energy Information Administration said natural-gas stockpiles shrank by 114 billion cubic feet last week, compared with the 127 bcf expected by forecasters surveyed by The Wall Street Journal. Total storage fell to 2.4 trillion cubic feet, or 3.7%…

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