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Sept. 30, 2021, 10:40 a.m. EDT

EIA reports a weekly natural-gas supply climb of 88 billion cubic feet

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By Myra P. Saefong

Natural-gas futures extended early gains on Thursday after the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 88 billion cubic feet for the week ended Sept. 24. That was nearly the same as the average increase of 87 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.170 trillion cubic feet, down 575 billion cubic feet from a year ago and 213 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was up 11.9 cents, or 2.2%, at $5.596 per million British thermal units. Prices were at $5.545 shortly before the data.

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