Natural-gas Futures Pare Gains After EIA Reports 11 Billion-cubic-foot Rise In U.S. Supplies

By Markets MarketWatch Pulse

Natural-gas futures pared some of their gains on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 11 billion cubic feet for the week ended Aug. 19. That was slightly below the average rise of 18 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.350 trillion cubic feet, up 275 billion cubic feet from a year ago and 350 billion cubic feet above the five-year average, the government said. September natural gas climbed 1.3 cents, or 0.5%, from Wednesday's settlement to $2.809 per million British thermal units. It traded at $2.866 before the data.

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