The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 65 billion cubic feet for the week ended Nov. 2. Analysts polled by S&P Global Platts had forecast a climb of 55 billion cubic feet. Total stocks now stand at 3.208 trillion cubic feet, down 580 billion cubic feet from a year ago, and 621 billion below the five-year average, the government said. December natural gas NGZ18, -0.84% traded at $3.521 per million British thermal units, down 3.4 cents, or 1%, from Wednesday’s settlement. It was trading at $3.542 before the supply data.
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