Natural-gas Futures Edge Up As EIA Reports 49 Billion-cubic-foot Rise In U.S. Supplies

By Markets MarketWatch Pulse

Natural-gas futures traded slightly higher Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 49 billion cubic feet for the week ended Sept. 23. That compared with the average rise of 54 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.6 trillion cubic feet, up 90 billion cubic feet from a year ago and 220 billion cubic feet above the five-year average, the government said. November natural gas was up 1.2 cents, or 0.4%, from Wednesday's settlement to $3.014 per million British thermal units. It traded at $2.966 before the data.

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