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June 20, 2019, 10:42 a.m. EDT

Natural-gas prices decline after a larger-than-expected weekly climb in U.S. 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 115 billion cubic feet for the week ended June 14. The average forecast of analysts polled by S&P Global Platts had called for an increase of 104 billion cubic feet. Total stocks now stand at 2.203 trillion cubic feet, up 209 billion cubic feet from a year ago, but 199 billion below the five-year average, the government said. July natural gas traded at $2.228 per million British thermal units, down 4.8 cents, or 2.1%, from Wednesday's settlement. It was trading at $2.300 before the data.

Read the full story:
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