EIA reports a weekly climb of 87 billion cubic feet in natural-gas supplies

MW EIA reports a weekly climb of 87 billion cubic feet in natural-gas supplies

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 87 billion cubic feet for the week ended Oct. 22. That was a bit less than the average increase of 90 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.548 trillion cubic feet, down 403 billion cubic feet from a year ago and 126 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded down 25.7 cents, or 4.1%, at $5.941 per million British thermal units. Prices were at $5.884 shortly before the data.