EIA data show a 92 billion cubic foot weekly rise in U.S. natural-gas supplies

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The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 92 billion cubic feet for the week ended June 10. That compared to an average forecast for an increase of 89 billion cubic feet from analysts polled by S&P Global Commodity Insights. Working gas stocks include revisions to “reflect resubmissions of data during the three-week period from May 20, 2022 to June 3, 2022,” the EIA said. Working gas is the volume of gas available in the market. Total working gas stocks in storage stand at 2.095 trillion cubic feet, down 330 billion cubic feet from a year ago and 323 billion cubic feet below the five-year average, the government said. Following the data, July natural gas NGN22, +3.18% was up 53 cents, or 7.1%, at $7.95 per million British thermal units. Prices traded at $7.898 before the supply data.

This article was originally published by Marketwatch.com. Read the original article here.

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