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Nov. 10, 2021, 12:07 p.m. EST

EIA reports a small weekly climb in natural-gas supplies

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By Myra P. Saefong

The U.S. Energy Information Administration reported on Wednesday that domestic supplies of natural gas rose by 7 billion cubic feet for the week ended Nov. 5. That was less than half the average increase of 15 billion cubic feet forecast by analysts polled by S&P Global Platts. The EIA released its report a day early because of Thursday's Veterans Day holiday. Total stocks now stand at 3.618 trillion cubic feet, down 308 billion cubic feet from a year ago and 119 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded down by 15.3 cents, or 3.1%, at $4.826 per million British thermal units. Prices were at $4.916 shortly before the data.

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