Natural gas turns higher after decline in supplies (by Claudia Assis)
SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned positive Thursday after a weekly report on inventory levels showed a decrease at the top of analyst expectations. The Energy Information Administration reported a decline of 85 billion cubic feet for the week ended Feb. 25. Natural gas for April delivery (NGJ11) gained on the news, and recently added 3 cents, or 0.8%, to $3.84 per million British thermal units. Analysts polled by Platts had expected a decline between 81 and 85 bcf.