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EIA reports an unexpected weekly rise in U.S. natural-gas supplies

Clyde Edgerton by Clyde Edgerton
November 30, 2023
in Markets
EIA reports an unexpected weekly rise 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 climbed by 10 billion cubic feet for the week ended Nov. 24. On average, analysts surveyed by S&P Global Commodity Insights forecast a weekly fall of 10 billion cubic feet. Total working gas in storage for the week was at 3.836 trillion cubic feet, up 341 billion cubic feet from a year ago and 303 billion cubic feet above the five-year average, the government said. In Thursday dealings, January natural gas
NGF24,
-0.50%
traded at $2.789 per million British thermal units, down 1.5 cents, or 0.5%, on the New York Mercantile Exchange. Prices traded at $2.815 ahead of the supply data.



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