EIA Reports 95 Billion-cubic-foot Climb 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 95 billion cubic feet for the week ended Oct. 2. Analysts polled by Platts forecast a climb of between 96 billion cubic feet and 100 billion cubic feet. Total stocks now stand at 3.633 trillion cubic feet, up 443 billion cubic feet from a year ago and 155 billion cubic feet above the five-year average, the government said. November natural gas was at $2.518 per million British thermal units, up 4.4 cents, or 1.8%. It traded at $$2.50 before the supply data.

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