Natural Gas Supplies Rise

Natural Gas Supplies Rise

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 90 billion cubic feet to over 2.03 trillion cubic feet for the week ending June 20.

The inventory level was slightly below the five-year average of 2.09 trillion cubic feet, and well below last year’s storage level of about 2.42 trillion cubic feet, according to the government data.

Natural gas for July delivery rose 35.2 cents to settle at $13.105 per 1,000 cubic feet on the Nymex.

Share this post