The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 221 billion cubic feet for the week ended Dec. 30. That compared with an average analyst forecast for a decline of 235 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.891 trillion cubic feet, down 308 billion cubic feet from a year ago and 208 billion cubic feet below the five year average, the government said. Following the data, February natural gas NGG23 was down 41.4 cents, or 9.9%, at $3.758 per million British thermal units on the New York Mercantile Exchange. Prices traded at $3.824 before the supply data.
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