Natural-gas prices extend declines on bigger-than-expected rise in U.S. supplies

Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 67 billion cubic feet for the week ended April 28. That was above the increase of 61 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 2.256 trillion cubic feet, down 359 billion cubic feet from a year ago, but 303 billion cubic feet above the five-year average, the government said. June natural gas fell 3.2 cents, or 1%, from Wednesday’s settlement to $3.196 per million British thermal units. It traded at $3.223 before the data.

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From:: Stock Market News

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