Natural-gas Prices Fall As U.S. Supplies Rise 69 Billion Cubic Feet

By Myra P. SaefongMarketWatch Pulse

Natural-gas futures on Thursday fell after the U.S. Energy Information Administration reported that supplies of natural gas rose by 91 billion cubic feet for the week ended July 3. Analysts polled by Platts forecast a climb of 84 billion cubic feet to 88 billion cubic feet. Total stocks now stand at 2,668 trillion cubic feet, up 659 billion cubic feet from a year ago and 45 billion cubic feet above the five-year average, the government said. August natural gas was at $2.663 per million British thermal units, down 2.2 cents, or 0.8%. It was trading at $2.69 before the data.

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