U.S. Natural Gas Supplies Grew Last Week

NEW YORK (AP) -- The nation's natural gas supplies rose last week, the government said Thursday.

The Energy Department's Energy Information Administration reported that natural gas in storage grew by 31 billion cubic feet to 1.704 trillion cubic feet for the week ended April 12.

Analysts expected a rise of 33 billion to 37 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill (NYSE: MHFI  ) .

The inventory level was 4.2 percent below the five-year average of 1.778 trillion cubic feet, and 31.8 percent below last year's level of 2.498 trillion cubic feet, according to the government data.

Natural gas futures rose 10 cents, or 2.4 percent, to $4.31 per 1,000 cubic feet in New York.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2370687, ~/Articles/ArticleHandler.aspx, 7/28/2014 1:03:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement