EIA Reports 69 Billion-cubic-foot Rise In U.S. Natural-gas Supplies

By Markets MarketWatch Pulse

Natural-gas futures edged lower on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 69 billion cubic feet for the week ended June 10. That was above the average rise of 64 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.041 trillion cubic feet, up 633 billion cubic feet from a year ago and 704 billion cubic feet above the five-year average, the government said. July natural gas fell 1.9 cents, or 0.7%, at $2.576 per million British thermal units. It traded at $2.60 before the data.

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