Natural-gas futures fall as U.S. supplies climb more than expected

Discussion in 'Market News' started by sniper-academy, Jun 14, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    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 declined by 3 cents, or 1%, to $2.933 per million British thermal units, down from $2.969 before the data.

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