Home Market News Natural gas prices fall after weekly EIA report shows increased supplies

Natural gas prices fall after weekly EIA report shows increased supplies

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From Myra P. Saefong : The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 85 billion cubic feet for the week ended May 3. That matched the average forecast of analysts polled by S&P Global Platts. Total stocks now stand at 1.547 trillion cubic feet, up 128 billion cubic feet from a year ago, but 303 billion below the five-year average, the government said. June natural gas NGM19, -1.11% traded at $2.589 per million British thermal units, down 2.1 cents, or 0.8%, from Wednesday’s settlement. It was trading at $2.585 before the data.


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