Natural gas for March delivery gained 7.1 cents to settle at $6.135 per million British thermal units on the New York Mercantile Exchange. Trading volume was 13 percent above the 100-day average at 2:48 p.m. The futures advanced 18 percent this week. Gas has climbed 45 percent in 2014, the second-biggest gainer, after coffee, in the Standard & Poor’s GSCI index of 24 commodities
Gas stockpiles were at a record deficit of 34 percent to the five-year average in the week ended Feb. 14, EIA data show.Much colder-than-normal winter sharply drew down gas inventories, pushing the expected end-of-March storage below 1-Tcf, which was last seen in 2003.