Natural-gas Prices Turn Higher As EIA Reports Smaller-than-expected Rise In U.S. Supplies

By Myra P. Saefong Markets MarketWatch Pulse

Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 46 billion cubic feet for the week ended June 23. Analysts surveyed by S&P Global Platts forecast a larger build of 52 billion cubic feet. Total stocks now stand at 2.816 trillion cubic feet, down 319 billion cubic feet from a year ago, but 181 billion cubic feet above the five-year average, the government said. August natural gas rose 2.3 cents, or 0.7%, from Wednesday's settlement to $3.117 per million British thermal units. It traded at $3.077 before the data.

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