Natural-gas Futures Extend Gains After EIA Reports 36 Billion-cubic-foot Rise In U.S. Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

Natural-gas futures extended earlier gains on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 36 billion cubic feet for the week ended Sept. 2. That was below the average rise of 41 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.437 trillion cubic feet, up 196 billion cubic feet from a year ago and 306 billion cubic feet above the five-year average, the government said. October natural gas rose 9.7 cents, or 3.6%, from Wednesday's settlement to $2.773 per million British thermal units. It traded at $2.745 before the data.

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