EIA reports a weekly climb in natural-gas supplies below some market forecasts
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 81 billion cubic feet for the week ended Oct. 8. That was a bit lower than the average increase of 89 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.369 trillion cubic feet, down 501 billion cubic feet from a year ago and 174 billion cubic feet below the five-year average, the government said. Following the data, November natural gas extended their early gains, trading up 33 cents, or 5.9%, at $5.92 per million British thermal units. Prices were at $5.809 shortly before the data.
-Myra P. Saefong
(END) Dow Jones Newswires
October 14, 2021 10:35 ET (14:35 GMT)
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