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EIA reports a weekly U.S. natural-gas supply climb of 129 billion cubic feet

eia-reports-a-weekly-us.-natural-gas-supply-climb-of-129-billion-cubic-feet

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 129 billion cubic feet for the week ended Sept. 30. That was higher than the average analyst forecast for an increase of 114 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 3.106 trillion cubic feet, down 165 billion cubic feet from a year ago and 264 billion cubic feet below the five-year average, the government said. Following the data, November natural gas NGX22, -1.72% was up 6.3 cents, or 0.9%, at $6.993 per million British thermal units. Prices traded at $6.945 before the supply data.

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