Thursday, November 27, 2008

U.S. Natural Gas Weekly Inventory Falls This Week

NEW YORK (MarketWatch) -- Natural gas inventories fell by 66 billion cubic feet to stand at 3,422 billion cubic feet in the week ended Nov. 21, the Energy Information Administration reported Wednesday. Analysts surveyed by Platts expected gas in storage to have dropped by between 43 and 48 billion cubic feet last week. After the data, January natural gas futures were up 28 cents, or 4.4%, to $6.67 per million British thermal units.

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