The U.S. Energy Information Administration reported Friday that domestic supplies of natural gas fell by 63 billion cubic feet for the week ended Nov. 30. The data were released a day later than usual because of Wednesday’s National Day of Mourning following the passing of former President George H.W. Bush. Analysts polled by S&P Global Platts had forecast a decline of 57 billion cubic feet, on average. Total stocks now stand at 2.991 trillion cubic feet, down 704 billion cubic feet from a year ago, and 725 billion below the five-year average, the government said. January natural gas traded at $4.462 per million British thermal units, up 13.5cents, or 3.1%, from Wednesday’s settlement. It was trading at $4.458 before the supply data.
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