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EIA reports 73 billion-cubic-foot rise in natural-gas supplies
Natural-gas futures continued to decline on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 73 billion cubic feet for the week ended April 22. Analysts polled by Platts forecast a climb of 70 billion cubic feet. Total stocks now stand at 2.557 trillion cubic feet, up 870 billion cubic feet from a year ago and 832 billion cubic feet above the five-year average, the government said. June natural gas NGM16, -2.79% fell 7 cents, or 3.3%, to $2.083 per million British thermal units. Prices traded at $2.096 before the report.