Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 42 billion cubic feet for the week ended Sept. 29. That was below the average forecast for a climb of 47 billion cubic feet by analysts surveyed by S&P Global Platts. Total stocks now stand at 3.508 trillion cubic feet, down 161 billion cubic feet from a year ago, and 8 billion cubic feet below the five-year average, the government said. November natural gas rose 3.8 cents, or 1.2%, from Wednesday’s settlement to $2.978 per million British thermal units-little changed from its level before the data.
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