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EIA reports a slightly bigger-than-expected weekly decline in U.S. natural-gas supply
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 69 billion cubic feet for the week ended Dec. 8. Analysts surveyed by S&P Global Platts forecast a decrease of 63 billion, while the five-year average withdrawal is 78 billion. Total stocks now stand at 3.626 trillion cubic feet, down 201 billion cubic feet from a year ago, and 27 billion cubic feet below the five-year average, the government said. January natural gas NGF18, -0.92% fell 3.5 cents, or 1.3%, to $2.68 per million British thermal units, little changed from before the data.