Natural-gas Futures Turn Higher As EIA Reports Smaller-than-expected Rise In U.S. Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

Natural-gas futures turned higher Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 79 billion cubic feet for the week ended Oct.7. That was below the average rise of 87 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.759 trillion cubic feet, up 56 billion cubic feet from a year ago and 192 billion cubic feet above the five-year average, the government said. November natural gas climbed 9.8 cents, or 3.1%, from Wednesday's settlement to $3.308 per million British thermal units. It traded at $3.168 before the data.

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