Mumbai, Feb. 11 -- The US Energy Information Administration of EIA has stated in a latest Short Term Energy Outlook (STEO) update that Natural gas prices rose sharply in January. The Henry Hub spot price averaged $7.72 per million British thermal units (mmbtu), up 81% from December, in response to increased heating demand, reduced production, and large inventory withdrawals as Winter Storm Fern blanketed a large portion of the United States. EIA now expects that the United States will finish the withdrawal season at the end of March with less than 1.9 trillion cubic feet of natural gas in storage, 8% less than previously forecast. As a result, it has raised the Henry Hub spot price forecast in February and March by an average of almost 40% ...