Natural Gas Modestly Lower As U.S. Supply Climb Matched Expectations

Natural-gas futures on Thursday traded modestly lower after the U.S. Energy Information Administration reported that supplies of natural gas rose by 111 billion cubic feet for the week ended June 5. That was in line with expectations for a climb of 110 billion cubic feet to 114 billion cubic feet, according to a Platts survey of analysts. Total stocks now stand at 2,344 trillion cubic feet, up 753 billion cubic feet from a year ago and 44 billion cubic feet above the five-year average, the government said. July natural gas was at $2.883 per million British thermal units, down about a penny. That's about where it was trading at before the data.