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June 4, 2020, 10:38 a.m. EDT

EIA reports a 102 billion cubic foot weekly climb in U.S. natural-gas supplies

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By Myra P. Saefong

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 102 billion cubic feet for the week ended May 29. That was less than the average increase of 111 billion forecasted by analysts polled by S&P Global Platts. Total stocks now stand at 2.714 trillion cubic feet, up 762 billion cubic feet from a year ago, and 422 billion cubic feet above the five-year average, the government said. July natural gas was up half a cent, or 0.2%, at $1.826 per million British thermal units. It was trading at $1.833 before the data.

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