Market Report

September 6th, 2018

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 63 billion cubic feet for the week ended August 31.

Analysts polled by S&P Global Platts had forecast a climb of 60-70 billion cubic feet, while the average over the last five years for the same week was a rise of 65 billion.

Total stocks now stand at 2.568 trillion cubic feet, down 643 billion cubic feet from a year ago, and 590 billion below the five-year average, the government said.

October natural gas NGV18, -0.93% fell 2 cents, or 0.7%, at $2.775 per million British thermal units. It was trading at $2.784 before the supply data.

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