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Oct. 7, 2021, 10:36 a.m. EDT

EIA reports a weekly natural-gas supply climb of 118 billion cubic feet

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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 118 billion cubic feet for the week ended Oct. 1. That was larger than the average increase of 111 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.288 trillion cubic feet, down 532 billion cubic feet from a year ago and 176 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was down 13.4 cents, or 2.4%, at $5.541 per million British thermal units. Prices were at $5.511 shortly before the data.

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