Natural Gas Climbs on Biggest Stockpile Drop in Almost Two Years
This article is for subscribers only.
Natural gas futures advanced for the first time in four days after a government report showed that U.S. stockpiles declined by the most in almost two years.
Gas gained 2.6 percent after the Energy Department said inventories fell 201 billion cubic feet in the seven days ended Jan. 4 to 3.316 trillion cubic feet, the biggest weekly decline since February 2011. Analyst estimates compiled by Bloomberg showed an expected drop of 191 billion.