Natural Gas Supplies Grow

Natural Gas Supplies Grow

The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories held in underground storage in the lower 48 states rose by 93 billion cubic feet to about 1.53 trillion cubic feet for the week ended May 9.

The inventory level was slightly above the five-year average, but well below last year’s storage level of about 1.82 trillion cubic feet, according to the government data.

Natural gas for June delivery fell 19.9 cents to settle at $11.399 per 1,000 cubic feet on the New York Mercantile Exchange.

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