Natural Gas Supplies Grow

Natural Gas Supplies Grow

The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories in the lower 48 states rose by 105 billion cubic feet to nearly 1.81 trillion cubic feet for the week ending May 30.

The inventory level was slightly below the five-year average, and well below last year’s storage level of more than 2.13 trillion cubic feet, according to the government data.

Natural gas for July delivery rose 14 cents to settle at $12.519 per 1,000 cubic feet on the New York Mercantile Exchange.

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