EIA reports a smaller-than-expected rise in U.S. natural-gas supplies
The U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 17 billion cubic feet for the week ended July 21. Analysts surveyed by S&P Global Platts forecast a build of 22 billion cubic feet. Total stocks now stand at 2.990 trillion cubic feet, down 302 billion cubic feet from a year ago, but 111 billion cubic feet above the five-year average, the government said. August natural gas ngq17 was up 4.1 cents, or 1.4%, from Wednesday’s settlement to $2.965 per million British thermal units. It traded at $2.934 before the data.