Oil more likely impacted by US nat gas prices at new lows than talk downs;
US Natgas Plumbs 10yr Low
Thu Mar 29, 2012 3:59pm EDT By Joe Silha
NEW YORK, March 29 (Reuters) - U.S. natural gas futures tumbled on Thursday, with the front-month contract ending at a 10-year low as mild weather and bearish inventory and production data undercut prices
An early report by the Energy Information Administration showed total domestic gas inventories rose last week by 57 billion cubic feet to 2.437 trillion cubic feet.
The build, the second in 2012 and the largest ever for March, drove stocks further into record territory for this time of year and sharply widened the already-huge surpluses to year-ago and the five-year average.
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