The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 79 billion cubic feet for the week ended Nov. 4. That compared with an average analyst forecast for an increase of 82 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 3.580 trillion cubic feet, down 37 billion cubic feet from a year ago and 76 billion cubic feet below the five year average, the government said. Following the data, December natural gas ngz22 was up 19.1 cents, or 3.3%, at $6.056 per million British thermal units on the New York Mercantile Exchange. Prices traded at $6.003 before the supply data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
