The U.S. Energy Information Administration (EIA) on Thursday printed a withdrawal of 140 Bcf natural gas from storage for the week ended Jan 5. The result exceeded most expectations and the five-year average decrease of 89 Bcf. 

Prior to the report, draw estimates submitted to Reuters averaged 119 Bcf. NGI modeled a pull of 121 Bcf. The bullish result sent Nymex natural gas futures higher.

“That’s a healthy draw,” said one analyst on the online energy platform Enelyst.

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