The Energy Information Administration indicated that natural gas inventories declined by 166 billion cubic feet. The decrease was greater than analysts had expected and more than the 102 billion cubic feet decline last year. Prices remained low due to mild winter weather and high inventory levels.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/02/23/markets-natgas-spot-idUSL2E8DNDHW20120223
Jim Sutliff