Natural Gas Futures Surge Most in Eight Months on Storage Drop

March 17th, 2011

WARNING: This is not a recommendation to buy, sell, or hold any financial instrument.

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Via: Bloomberg:

Natural gas futures rose the most in eight months after a government report showed a bigger-than- forecast U.S. stockpiles decline.

Gas posted its biggest percentage gain since July 15 after the Energy Department said inventories fell 56 billion cubic feet in the week ended March 11 to 1.618 trillion cubic feet. Analyst estimates compiled by Bloomberg showed an expected decline of 42 billion. A separate survey of Bloomberg users showed a decrease of 43 billion.

Related: Long Natural Gas

Posted in Economy, Energy | Top Of Page

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