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EIA reports a bigger-than-expected weekly climb in U.S. natural-gas supplies

eia-reports-a-bigger-than-expected-weekly-climb-in-us.-natural-gas-supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 77 billion cubic feet for the week ended Sept. 9. That compared with the average analyst forecast for an increase of 69 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.771 trillion cubic feet, down 223 billion cubic feet from a year ago and 354 billion cubic feet below the five-year average, the government said. Following the data, October natural gas NGV22, -8.22% was down 76.8 cents, or 8.4%, at $8.346 per million British thermal units. Prices traded at $8.457 before the supply data.

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