EIA Reports 98 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 98 billion cubic feet for the week ended Sept. 25. Analysts polled by Platts forecast a climb of between 98 billion cubic feet and 102 billion cubic feet. Total stocks now stand at 3.538 trillion cubic feet, up 454 billion cubic feet from a year ago and 152 billion cubic feet above the five-year average, the government said. November natural gas was at $2.493 per million British thermal units, down 3.1 cents, or 1.2%. That's about the same level it traded at before the supply data.

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