The Energy Information Administration reported a drawdown of 81 billion cubic feet in the week ending January 11 in US natural gas stocks, compared to a 91 billion drop in the previous reading, while analysts expected a 73 billion decline.
Total stocks fell to 2.533 trillion cubic feet from 2.614 trillion in the week ending January 4, making them below the total of the same period in 2018 at 2.610 trillion, while also below five-year averages at 2.860 billion.