Mon. Nov 18th, 2019

EIA reports a weekly U.S. natural-gas supply climb of 60 billion cubic feet

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The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 60 billion cubic feet for the week ended Aug. 23. The average forecast of analysts polled by S&P Global Platts had called for an increase of 57 billion cubic feet. Total stocks now stand at 2.857 trillion cubic feet, up 363 billion cubic feet from a year ago, but 100 billion below the five-year average, the government said. September natural gas

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traded at $2.273 per million British thermal units, up 5.1 cents, or 2.3%, from Wednesday’s settlement. It was trading at $2.285 before the data.

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