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April 9, 2020, 10:38 a.m. EDT

EIA reports a slightly larger-than-expected 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 38 billion cubic feet for the week ended April 3. Analysts, on average, expected an increase of 25 billion cubic feet, according to a poll conducted by S&P Global Platts. Total stocks now stand at 2.024 trillion cubic feet, up 876 billion cubic feet from a year ago, and 324 billion cubic feet above the five-year average, the government said. May natural gas was up a half cent, or 0.3%, at $1.788 per million British thermal units. It was trading at $1.761 before the data.

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