The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 37 billion cubic feet for the week ended July 17. That was a bit larger than the average increase of 33 billion forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.215 trillion cubic feet, up 656 billion cubic feet from a year ago, and 436 billion cubic feet above the five-year average, the government said. August natural gas was up 1.6 cents, or 1%, at $1.697 per million British thermal units. It was trading at $1.682 before the data.
Read the full story:
Oil edges lower as worries remain over rising U.S. inventories and coronavirus cases