The U.S. natural gas report shows a weekly gain in supplies

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 100 billion cubic feet for the week ended May 17. The average forecast of analysts polled by S&P Global Platts had called for an increase of 103 billion cubic feet. Total stocks now stand at 1.753 trillion cubic feet, up 137 billion cubic feet from a year ago, but 274 billion below the five-year average, the government said. June natural gas NGM19, +1.30% traded at $2.563 per million British thermal units, up 2 cents, or 0.8%, from Wednesday’s settlement. That was little changed from $2.559 before the data.

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