EIA data show a bigger-than-expected weekly rise in U.S. natural-gas supply
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 65 billion cubic feet for the week ended Nov. 2. Analysts polled by S&P Global Platts had forecast a climb of 55 billion cubic feet. Total stocks now stand at 3.208 trillion cubic feet, down 580 billion cubic feet from a year ago, and 621 billion below the five-year average, the government said. December natural gas traded at $3.521 per million British thermal units, down 3.4 cents, or 1%, from Wednesday's settlement. It was trading at $3.542 before the supply 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.