EIA data show a bigger-than-expected weekly rise in U.S. natural-gas supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 53 billion cubic feet for the week ended April 15. That compared to a forecast for a build of 33 billion cubic feet from Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. Total supplies in storage stand at 1.450 trillion cubic feet, down 428 billion cubic feet from a year ago and 292 billion cubic feet below the five-year average, the government said. Following the data, May natural gas fell 19.6 cents, or 2.8%, at $6.741 per million British thermal units. Prices traded at $6.997 before the supply data.

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