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Reply #13: Natural-gas futures rally after supply report [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 07:42 AM
Response to Reply #2
13. Natural-gas futures rally after supply report

Natural-gas futures on Thursday shot up after a weekly government supplies report showed a decline for the week ended Nov. 25. Natural gas for January delivery NG12F -0.80% added 11 cents, or 3.1%, to $3.66 per million British thermal units. Before the report, it traded around $3.56 per million Btus. The Energy Information Administration said inventories declined 1 billion cubic feet in the week, compared to expectations of a rise around 10 bcf.
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