The Chicago Entrepreneur

Natural gas remains lower after EIA reports weekly storage withdrawal

The Energy Information Administration on Thursday said 139 billion cubic feet of natural gas was withdrawn from storage in the week ended, Feb. 25, a figure largely in line with expectations. The Platts survey of analysts by S&P Global Commodity Insights had forecast a withdrawal of 137 billion cubic feet. Natural-gas futures remained lower after the data, with the most actively traded May contract down 2% at $4.691 per million British thermal units.

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