Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 75 billion cubic feet for the week ended May 19. Analysts surveyed by S&P Global Platts forecast a build of 67 billion cubic feet. Total stocks now stand at 2.444 trillion cubic feet, down 371 billion cubic feet from a year ago, but 241 billion cubic feet above the five-year average, the government said. June natural gas fell 2.6 cents, or 0.8%, from Wednesday’s settlement to $3.183 per million British thermal units. It traded at $3.205 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
