Bloomberg News

Natural-Gas Supply Probably Fell 129 Bcf, Bloomberg Users Say

February 02, 2012

Feb. 2 (Bloomberg) -- The U.S. Energy Department’s natural- gas inventory report, scheduled for release at 10:30 a.m. in Washington, will show that supplies fell 4.2 percent last week, according to a survey of Bloomberg users.

The government’s Natural Gas Storage Report will show that inventories declined 129 billion cubic feet in the week ended Jan. 27 to 2.969 trillion cubic feet, according to the survey.

Natural gas for March delivery rose 3.4 cents, or 1.4 percent, to $2.416 per million British thermal units on the New York Mercantile Exchange at 10:25 a.m.

Bloomberg compiles the anonymous survey based on estimates by at least 100 users each week.

--Editors: Bill Banker, Charlotte Porter

To contact the reporter on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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