Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 65 billion cubic feet for the week ended Oct. 27. That matched an average forecast from analysts surveyed by S&P Global Platts. Total stocks now stand at 3.775 trillion cubic feet, down 180 billion cubic feet from a year ago, and 41 billion cubic feet below the five-year average, the government said. December natural gas rose 4 cents, or 1.4%, from Wednesday’s settlement to $2.933 per million British thermal units, up from $2.925 before the data.
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