Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 81 billion cubic feet for the week ended May 26. Analysts surveyed by S&P Global Platts forecast a build of 74 billion cubic feet. The EIA said its figures included a “reclassification” of stocks, which resulted in a decrease of about 4 bcf in one specific region. Total stocks now stand at 2.525 trillion cubic feet, down 370 billion cubic feet from a year ago, but 225 billion cubic feet above the five-year average, the government said. July natural gas fell 3.3 cents, or 1.1%, from Wednesday’s settlement to $3.038 per million British thermal units. It traded at $3.068 before the data.
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