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Nov. 4, 2021, 10:33 a.m. EDT

EIA reports a weekly climb of 63 billion cubic feet in natural-gas supplies

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By Myra P. Saefong

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 63 billion cubic feet for the week ended Oct. 29. That was below the average increase of 70 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.611 trillion cubic feet, down 313 billion cubic feet from a year ago and 101 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded up by 5 cents, or 0.9%, at $5.72 per million British thermal units. Prices were at $5.756 shortly before the data.

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