Saturday, February 28, 2009

Natural Gas Inventories Down Last Week

By Moming Zhou
Last update: 10:37 a.m. EST Feb. 26, 2009
Comments: 5
NEW YORK (MarketWatch) -- U.S. natural gas inventories fell by 101 billion cubic feet in the week ended Feb. 20, the Energy Information Administration reported Thursday. Analysts at IHS Global Insight had expected a withdrawal of 145 billion cubic feet. At 1,895 billion cubic feet, stocks were 233 billion cubic feet higher than last year at this time and 199 billion cubic feet above the five-year average. On the New York Mercantile Exchange, natural gas for April delivery added 1.1% to $4.073 per million British thermal units

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