EIA Reports An Increase Of 77 Bln Cubic Feet In U.S. Natural-gas Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

Natural-gas futures continued to trade lower Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 77 billion cubic feet for the week ended Oct.14. That was slightly above the 72 billion-cubic-foot rise expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.836 trillion cubic feet, up 46 billion cubic feet from a year ago and 185 billion cubic feet above the five-year average, the government said. November natural gas fell 4.8 cents, or 1.5%, from Wednesday's settlement to $3.122 per million British thermal units. It traded at $3.135 before the data.

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