Natural-gas futures continued to trade lower Thursday after the U.S. Energy Information Administration reported that supplies of natural gas rose by 69 billion cubic feet for the week ended August 21. Analysts polled by Platts forecast a climb of between 58 billion cubic feet and 62 billion cubic feet. Total stocks now stand at 3.099 trillion cubic feet, up 480 billion cubic feet from a year ago and 88 billion cubic feet above the five-year average, the government said. September natural gas was at $2.67 per million British thermal units, down 2.3 cents, or 0.9%. The contract, which is set to expire, traded around that same level before the supply data.
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