EIA data show a bigger-than-expected weekly climb in U.S. natural-gas supplies
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 103 billion cubic feet for the week ended Sept. 23. That compared with the average analyst forecast for an increase of 93 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.977 trillion cubic feet, down 180 billion cubic feet from a year ago and 306 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was down 29.2 cents, or 4.2%, at $6.663 per million British thermal units. Prices traded at $6.677 before the supply data.
-Myra P. Saefong
(END) Dow Jones Newswires
September 29, 2022 10:34 ET (14:34 GMT)
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