EIA: Natural Gas Supplies Climb

The US EIA has reported a 26-billion-cubic-foot weekly climb in natural-gas supplies. The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12.

IHS Markit had forecast an increase of 24 billion cubic feet. Total stocks now stand at 3.644 trillion cubic feet, down 310 billion cubic feet from a year ago and 81 billion cubic feet below the five-year average, the government said.

Following the data, December natural gas traded up by 13.4 cents, or 2.8%, at $4.95 per million British thermal units. Prices were at $4.961 shortly before the data.