EIA reports an increase of 73 bln cubic feet in U.S. natural-gas supplies

Natural-gas futures traded nearly flat Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 73 billion cubic feet for the week ended Oct.21. That was generally in line with the 75 billion-cubic-foot rise expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.909 trillion cubic feet, up 52 billion cubic feet from a year ago and 182 billion cubic feet above the five-year average, the government said. November natural gas was barely changed from Wednesday’s settlement at $2.731 per million British thermal units. It traded at $2.735 before the data. The contract expires at the day’s settlement. December natural gas traded nearly unchanged at $3.038 per million Btus.

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