Natural-gas Futures Climb After EIA Reports 54 Billion-cubic-foot Rise In U.S. Supplies

By Markets MarketWatch Pulse

Natural-gas futures climbed Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 54 billion cubic feet for the week ended Oct. 28. That was generally in line with the 57 billion-cubic-foot rise expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.963 trillion cubic feet, up 48 billion cubic feet from a year ago and 173 billion cubic feet above the five-year average, the government said. December natural gas rose 1.6 cents, or 0.6% from Wednesday's settlement to $2.808 per million British thermal units. It traded at $2.789 before the data.

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