Thursday, 16 February 2012

Natural gas rallies on inventory decline ..


Forexpros - Natural gas futures rallied Thursday, gaining more than 5% after a report from the U.S. Energy Information Administration indicated natural gas inventories fell last week. On the New York Mercantile Exchange, natural gas futures for delivery in March traded at USD2.57 per million British thermal units during U.S. morning trade, soaring 5.96%.        It is presently trading at the sessions high and price hit a low of USD2.42 earlier prior to the release of U.S. Energy Information Administration inventory report.

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