The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 86 billion cubic feet for the week ended March 16. Analysts surveyed by S&P Global Platts had forecast a decrease of 87 billion, while the five-year average withdrawal is 53 billion. Total stocks now stand at 1.446 trillion cubic feet, down 667 billion cubic feet from a year ago, and 329 billion below the five-year average, the government said. April natural gas NGJ18, -0.45% was up less than a penny, or 0.3%, at $2.645 per million British thermal units, down slightly from $2.659 before the data.
Read the full story: Oil pulls back from a 7-week high