Natural-gas Futures Fall As EIA Reports 62 Billion-cubic-foot Rise In U.S. Supplies

Natural-gas futures turned lower Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 62 billion cubic feet for the week ended June 17. That was just above the average rise of 61 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.103 trillion cubic feet, up 618 billion cubic feet from a year ago and 678 billion cubic feet above the five-year average, the government said. July natural gas fell 2 cents, or 0.8%, to $2.657 per million British thermal units. It traded at $2.682 before the data.

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