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Oct. 22, 2020, 10:39 a.m. EDT

EIA reports a 49 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 49 billion cubic feet for the week ended Oct. 16. On average, supplies were expected to climb by 51 billion cubic feet for the week, according to analysts polled by S&P Global Platts. Total stocks now stand at 3.926 trillion cubic feet, up 345 billion cubic feet from a year ago, and 327 billion cubic feet above the five-year average, the government said. Following the data, November natural gas was down 1.6 cents, or 0.5%, to $3.007 per million British thermal units. It traded at $3.024 shortly before the data.

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