The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 15 billion cubic feet for the week ended April 23. On average, analysts forecast an increase of 9 billion cubic feet, according to a poll conducted by S&P Global Platts. Total stocks now stand at 1.898 trillion cubic feet, down 302 billion cubic feet from a year ago and 40 billion cubic feet below the five-year average, the government said. Following the data, June natural gas was down 4 cents, or 1.4%, to $2.92 per million British thermal units. It traded at $2.94 shortly before the data.
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