: EIA reports a weekly rise in U.S. natural-gas supply that nearly matches market expectations
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 54 billion cubic feet for the week ended April 28. Analysts called for a storage increase of 52 billion cubic feet on average, according to a survey conducted by S&P Global Commodity Insights. Total working gas in storage for the latest week was at 2.063 trillion cubic feet, up 507 billion cubic feet from a year ago and 341 billion cubic feet above the five-year average, the government said. Following the data, June natural gas NGM23 was down 5.5 cents, or 2.5%, at $2.115 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.121 shortly before the supply data.
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