NEW YORK (MarketWatch) - The Amex Natural Gas Index hit an all-time high Thursday, gaining ground on the heels of lower inventories reported by the government and on a big move up by EOG Resources.
Meanwhile, oil stocks fought their way back into positive territory as crude futures pushed to a record close of $102.59 after trading as high as $102.64 a barrel during the session and moving up to a fresh record of $102.77 in electronic trading after the bell. See Futures Movers.
U.S. gas inventories fell by 151 billion cubic feet in the week ended Feb. 22, the Energy Information Administration reported. Also, stockpiles were 133 billion cubic feet less than last year at this time, data showed. April natural-gas futures rallied 38 cents to end at $9.44 per million British thermal units.
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