Natural gas prices rose for a second day on concerns about producers’ ability to replenish stockpiles that were depleted over the winter. Thursday’s gains came after government data showed U.S. gas inventories fell to an 11-year low last week. The decline was also unusually large for late March, when warmer temperatures typically reduce demand for the heating fuel. Natural gas for May delivery ended up 2.4%, at $4.47 a million British thermal units on the New York Mercantile Exchange. Prices have risen 4.5% over the last two days. The U.S. Energy Information Administration reported that inventories fell 74 billion cubic feet in the week ended March 28, to just 822 billion cubic feet. The drop heightened concerns that gas prices remain too low to convince producers to pump out enough gas this spring and summer to refill storage. “The market seems to think […]