EIA: US natural gas inventories drop past forecasts

The Energy Information Administration released its report on US natural gas inventories, which showed a drawdown of 69 billion cubic feet in the week ending December 8, compared to a buildup of 2 billion in the previous reading, while analysts expected a 55B drawdown. 

Now total stocks have reached 3.626 trillion cubic feet from 3.695 trillion in the previous reading, which is below the total of the same period in 2016 at 3.827 trillion, and also below the five-year average at 3.653 trillion.