The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 98 billion cubic feet for the week ended May 28. That was smaller than the increase of 118 billion cubic feet forecast by IHS Markit. Total stocks now stand at 2.313 trillion cubic feet, down 386 billion cubic feet from a year ago and 61 billion cubic feet below the five-year average, the government said. Following the data, July natural gas was down 1.2 cents, or 0.4%, at $3.063 per million British thermal units. It traded at $3.046 shortly before the data.
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