EIA reports a weekly rise of 81 billion cubic feet in U.S. natural-gas supplies
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 81 billion cubic feet for the week ended July 5. The data were expected to show a build of 72 billion cubic feet, on average, according to analysts surveyed by The Wall Street Journal. Total stocks now stand at 2.471 trillion cubic feet, up 275 billion cubic feet from a year ago, but 142 billion below the five-year average, the government said. August natural gas traded at $2.469 per million British thermal units, up 2.5 cents, or 1.1%, from Wednesday's settlement. It was trading at $2.461 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.