inventory for January lower than expected
Markets: Energy
Natural Gas Moves Modestly Higher
By Chuck Marvin
TheStreet.com Staff Reporter
2/8/2007 1:30 PM EST
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Natural gas futures climbed Thursday after the Energy Department's Energy Information Agency released inventory figures for January that were lower than analysts had anticipated.
Stocks of natural gas for the week of Feb. 2 were at 2.35 trillion cubic feet, which amounted to a draw of 224 billion cubic feet from the previous week. Analysts at A.G. Edwards had expected a draw of 217 billion cubic feet.
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