EIA Reports 37 Billion-cubic-foot Rise In U.S. Natural-gas Supplies

By Markets MarketWatch Pulse

Natural-gas futures pared some of their earlier gains Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 37 billion cubic feet for the week ended June 24. That was below the average rise of 46 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.140 trillion cubic feet, up 582 billion cubic feet from a year ago and 637 billion cubic feet above the five-year average, the government said. The data included a downward "reclassification" to stocks in the Pacific region. August natural gas was up 1.5 cents, or 0.5%, to $2.878 per million British thermal units. It traded at $2.91 before the data.

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