Natural-gas supply up 89 billion cubic feet: EIA ( NGM13 ) by Myra P. Saefong
SAN FRANCISCO (MarketWatch) - Natural-gas futures moved higher on Thursday after the U.S. Energy Information Administration reported a rise of 89 billion cubic foot in inventories for the week ended May 17. Analysts polled by Platts forecasted a climb between 90 billion cubic feet and 94 billion cubic feet. Total stocks now stand at 2.053 trillion cubic feet, down 680 billion cubic feet from the year-ago level and 84 billion cubic feet below the five-year average, the government said. June natural gas (ngm13) was at $4.23 per million British thermal units, up 4 cents, or 1%. It was trading at $4.18 shortly before the data
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It isn't much, but that is good news.
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