Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 54 billion cubic feet for the week ended April 14. Analysts polled by S&P Global Platts expected an increase of between 47 billion and 51 billion cubic feet. Total stocks now stand at 2.115 trillion cubic feet, down 368 billion cubic feet from a year ago, but 282 billion cubic feet above the five-year average, the government said. May natural gas fell 1.7 cents, or 0.5%, from Wednesday’s settlement to $3.168 per million British thermal units. It was little changed from its pre-supply data level.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
