Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 106 billion cubic feet for the week ended June 2. Analysts surveyed by S&P Global Platts forecast a build of 100 billion cubic feet. Total stocks now stand at 2.631 trillion cubic feet, down 332 billion cubic feet from a year ago, but 237 billion cubic feet above the five-year average, the government said. July natural gas fell 2.7 cents, or 0.9%, from Wednesday’s settlement to $2.993 per million British thermal units. It traded at $3.011 before the data.
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