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EIA reports a weekly climb in U.S. natural-gas supplies

Clyde Edgerton by Clyde Edgerton
August 17, 2023
in Markets
EIA reports a weekly climb in U.S. natural-gas supplies
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The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage rose by 35 billion cubic feet for the week ended Aug. 11. That matched the average weekly increase forecast by analysts surveyed by S&P Global Commodity Insights. Total working gas in storage for the week was at 3.065 trillion cubic feet, up 549 billion cubic feet from a year ago and 299 billion cubic feet above the five-year average, the government said. In Thursday dealings, September natural gas
NGU23,
+1.39%
traded at $2.63 per million British thermal units, up 3.8 cents, or 1.5%, on the New York Mercantile Exchange. Prices traded at $2.65 ahead of the supply data.



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