Natural-gas prices turn higher as EIA reports smaller-than-expected rise in U.S. supplies

Published: June 29, 2017 10:35 a.m. ET

Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas rose by 46 billion cubic feet for the week ended June 23. Analysts surveyed by S&P Global Platts forecast a larger build of 52 billion cubic feet. Total stocks now stand at 2.816 trillion cubic feet, down 319 billion cubic feet from a year ago, but 181 billion cubic feet above the five-year average, the government said. August natural gas NGQ17, -0.19% rose 2.3 cents, or 0.7%, from Wednesday’s settlement to $3.117 per million British thermal units. It traded at $3.077 before the data.

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