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July 30, 2020, 10:36 a.m. EDT

EIA reports a weekly climb of 26 billion cubic feet 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 26 billion cubic feet for the week ended July 24. That was a bit more than the average increase of 23 billion forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.241 trillion cubic feet, up 626 billion cubic feet from a year ago, and 429 billion cubic feet above the five-year average, the government said. September natural gas continued to trade lower, down 4.9 cents, or 2.5%, at $1.881 per million British thermal units.

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