Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 61 billion cubic feet for the week ended June 16. Analysts surveyed by S&P Global Platts forecast a build of 58 billion cubic feet. Total stocks now stand at 2.770 trillion cubic feet, down 324 billion cubic feet from a year ago, but 207 billion cubic feet above the five-year average, the government said. July natural gas up a penny, or 0.4%, from Wednesday’s settlement to $2.903 per million British thermal units. It traded at $2.917 before the data.
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