Weekly decline in natural-gas supplies matches analyst forecasts

  • U.S. natural-gas supplies in storage fell by 55 billion cubic feet for the week ended Dec. 8
  • This decline matched the average weekly forecast by analysts
  • Total working gas in storage is at 3.664 trillion cubic feet, up from a year ago
  • January natural gas traded at $2.401 per million British thermal units, up 2.8%

The U.S. Energy Information Administration reported that U.S. natural-gas supplies in storage fell by 55 billion cubic feet for the week ended Dec. 8. This decline matched the average weekly forecast by analysts. Total working gas in storage is at 3.664 trillion cubic feet, up 245 billion cubic feet from a year ago. In Thursday dealings, January natural gas traded at $2.401 per million British thermal units, up 6.6 cents, or 2.8%, on the New York Mercantile Exchange.

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Factuality Level: 10
Justification: The article provides factual information about the U.S. natural-gas supplies in storage, including the decline in supplies, the average weekly decline forecast by analysts, the total working gas in storage, and the current trading price of natural gas. There is no irrelevant or misleading information, sensationalism, redundancy, opinion masquerading as fact, digressions, unnecessary background information, tangential details, misleading information, disinformation, propaganda, poorly researched or inaccurately reported news, exaggerated or overly dramatic reporting, repetitive information, bias or personal perspective presented as universally accepted truth, invalid arguments, logical errors, inconsistencies, fallacies, faulty reasoning, false assumptions, or incorrect conclusions. The article is objective and provides accurate and objective information.

Noise Level: 8
Justification: The article provides relevant information about the U.S. natural gas supplies and storage levels. It includes data from the U.S. Energy Information Administration and analyst forecasts. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data, but it does not provide any new knowledge or solutions for the reader.

Financial Relevance: Yes
Financial Markets Impacted: Natural gas markets

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information about the decline in U.S. natural-gas supplies, which is relevant to financial markets, specifically the natural gas markets.

Reported publicly: www.marketwatch.com