EIA Reports 73 Billion-cubic-foot Rise In U.S. Natural-gas Supplies

By Myra P. SaefongMarketWatch Pulse

The U.S. Energy Information Administration reported Thursday that supplies of natural gas rose 73 billion cubic feet for the week ended Sept. 11. Analysts polled by Platts forecast a climb of between 70 billion cubic feet and 74 billion cubic feet. Total stocks now stand at 3.334 trillion cubic feet, up 456 billion cubic feet from a year ago and 125 billion cubic feet above the five-year average, the government said. October natural gas was at $2.668 per million British thermal units, up less than a cent for the session. Prices traded at $2.67 before the supply data.

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