Houston-A relatively modest withdrawal from US natural gas storage flipped the deficit to last year’s storage stocks to a surplus, data released by the US Energy Information Administration indicated Thursday. The EIA said US gas in storage fell 64 Bcf to 3.295 Tcf for the week that ended December 12. The net withdrawal was at the high end of the range of consensus expectations for a pull between 60 Bcf and 64 Bcf. The EIA reported a 256 Bcf withdrawal last year, while the five-year average is a 157 Bcf draw.
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