Natural-gas futures fall as U.S. supplies climb more than expected
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 96 billion cubic feet for the week ended June 8. Analysts polled by S&P Global Platts had forecast a climb of 88 billion cubic feet, while the average over the last five years for the same week was a rise of 91 billion. Total stocks now stand at 1.913 trillion cubic feet, down 785 billion cubic feet from a year ago, and 507 billion below the five-year average, the government said. July natural gas NGN18, +0.03% declined by 3 cents, or 1%, to $2.933 per million British thermal units, down from $2.969 before the data.
- Posted: Jun 14, 2018 10:36am
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