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U. S. EIA: Natural gas inventories climb to 92 billion cubic feet

Mohamed Abdelhamid 21 October, 2021 8:06 pm Commodities, Market Update

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas climbed by 92 billion cubic feet for the week ended Oct. 15.

Following the data, November delivery of natural gas extended decline, trading down 11.5 cents, or 2.2%, at $5.062 per million British thermal units. Prices were at $5.107 shortly after the data was announced.

The fresh reading is a bit larger than the average increase of 88 billion cubic feet forecast by S&P Global Platts.

Total inventories now stand at 3.461 trillion cubic feet, down 458 billion cubic feet from a year ago and 151 billion cubic feet below the five-year average, the government said.

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