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Dec. 12, 2019, 10:36 a.m. EST

EIA reports a weekly decline of 73 billion cubic feet in U.S. natural-gas supplies

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By Myra P. Saefong

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 73 billion cubic feet for the week ended Dec. 6. Analysts expected a fall of 74 billion cubic feet, on average, according to a survey conducted by S&P Global Platts. Total stocks now stand at 3.518 trillion cubic feet, up 593 billion cubic feet from a year ago, but 14 billion cubic feet below the five-year average, the government said. January natural gas traded at $2.291 per million British thermal units, up 4.8 cents, or 2.1%, from Wednesday's settlement. Prices were little changed from before the data.

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