EIA reports 73 billion-cubic-foot rise in U.S. natural-gas supplies
Natural-gas futures hugged the flatline on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 73 billion cubic feet for the week ended May 13. Analysts polled by S&P Global Platts forecast an increase of 79 billion cubic feet, on average. Total stocks now stand at 2.754 trillion cubic feet, up 791 billion cubic feet from a year ago and 795 billion cubic feet above the five-year average, the government said. June natural gas was down less than half a cent at $1.998 per million British thermal units, compared with Wednesday's settlement. Prices traded at $1.98 before the report.
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