Natural Gas Supplies Rise
The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories in the lower 48 states rose by 57 billion cubic feet to over 1.94 trillion cubic feet for the week ending June 13.
The inventory level was slightly below the five-year average of about 2 trillion cubic feet and well below last year’s storage level of 2.32 trillion cubic feet.
July natural-gas futures fell 34.9 cents to settle at $12.861 per 1,000 cubic feet on the New York Mercantile Exchange.
