The nation's natural gas supplies dropped last week, the government said Thursday.
The Energy Department's Energy Information Administration said in its weekly report that natural gas in storage fell by 64 billion cubic feet to 2.369 trillion cubic feet for the week ended March 9.
Analysts expected a draw of 56 billion to 60 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
The inventory level was 51.7 percent above the five-year average of 1.562 trillion cubic feet, and 45 percent above last year's level of 1.634 trillion cubic feet, according to the government data.
Natural gas futures rose 2 cents to $2.30 per 1,000 cubic feet in New York.
Not Welcome in Umpqua: Armed Protest May Greet President's Attempt to Exploit Tragedy - Bearing Arms - Barack Obama, Mass Shooting, Oregon, Umpqua Community College
Thomas Sowell - Charlatans and Sheep: Part III
The truth about gun deaths: numbers and actual solutions
Should House Republicans Draft Paul Ryan To Be Speaker? | RedState
Paging Mitt Romney: Kremlin openly mocking the White House by releasing secretly taped meeting
The Problem Isn't Guns Or White Men | Human Events
- Vladimir Putin’s Russia Adopts Concealed Carry