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Barchart
Barchart
Rich Asplund

Record Drawdown in US Nat-Gas Inventories Lifts Prices

March Nymex natural gas (NGH26) on Thursday closed higher by +0.044 (+1.27%).

March nat-gas prices settled higher on Thursday amid a record withdrawal of nat-gas storage.  The EIA reported Thursday that nat-gas inventories fell -360 bcf in the week ended January 30, the largest weekly withdrawal from US gas storage sites on record and well above the five-year average for the week of -190 bcf.  

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