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Natural Gas Prices Rose 6 Percent on Lower U.S. Supplies
Feb. 02, 2012 12:34PM PST
Oil and Gas InvestingThe Associated Press reported that natural gas prices surged 6 percent after U.S. stockpiles went down last week.
The Associated Press reported that natural gas prices surged 6 percent after U.S. stockpiles went down last week.
As quoted in the market news:
Gas supplies dropped by 132 billion cubic feet last week, according to the Energy Information Administration. The decline was more than analysts expected, but the overall storage level of 2.97 trillion cubic feet remains well above five-year levels for this time of year.
Click here to read the full The Associated Press report.