EIA Reports 82 Billion-cubic-foot Rise In U.S. Natural-gas Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

Natural-gas futures edged higher on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 82 billion cubic feet for the week ended May 27. Analysts polled by S&P Global Platts forecast an increase of 85 billion cubic feet, on average. Total stocks now stand at 2.907 trillion cubic feet, up 712 billion cubic feet from a year ago and 753 billion cubic feet above the five-year average, the government said. July natural gas was up 2 cents, or 0.8%, at $2.402. It traded at $2.38 before the data.

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