Natural gas has fallen to a new three-month low thanks to lower-than-expected draws on storage, prompting the Wall Street Journal to report that the coming months may see bearish oversupply. The Energy Information Administration (EIA) reported yesterday that natural gas in storage in the country fell by 2.445 trillion cu ft in the week to February 10, down by 114 billion cu ft from the previous week and at the lowest for the last three months. Analysts polled by S&P Platts had a consensus forecast for a draw of 126 billion cu ft , citing the unusually warm weather across most of the country. A Reuters survey expected storage to be down by 104-137 Bcf. The draw was smaller than in the preceding week, when it stood at 152 billion cu ft, Investor.com recalls, and also smaller than the decline a year earlier, when it was 163 billion cu […]