Natural gas turns lower after inventories report (by Claudia Assis)
SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower on Thursday after the Energy Information Administration reported a decline in inventories within expectations. Natural gas for March delivery (NGH11) most recently traded 3 cents, or 0.8%, lower at $4.39 per million British thermal units. Before the report, it traded 5 cents higher and it shot up 10 cents before reversing. The EIA reported natural gas in storage declined 189 billion cubic feet in the week ended Jan. 28. Analysts polled expected a decrease of 185 billion to 189 billion cubic feet for the week.