SAN FRANCISCO – Natural-gas futures on Thursday turned higher after the U.S. Energy Information Administration reported that supplies of natural gas rose 100 billion cubic feet for the week ended June 27. Analysts surveyed by Platts forecast an increase of between 99 billion cubic feet and 103 billion cubic feet. Total stocks now stand at 1.929 trillion cubic feet, down 666 billion cubic feet from a year ago and 790 billion cubic feet below the five-year average, the government said. August natural gas was at $4.40 per million British thermal units, up 4 cents, or 1%. It was trading at $4.34 before the data.
Copyright © 2014 MarketWatch, Inc.