Natural-gas prices fall as EIA reports a weekly rise of 55 billion cubic feet in U.S. supplies

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The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 55 billion cubic feet for the week ended July 9. On average, analysts polled by S&P Global Platts forecast an increase of 46 billion cubic feet in natural-gas stocks. Total stocks now stand at 2.629 trillion cubic feet, down 543 billion cubic feet from a year ago and 189 billion cubic feet below the five-year average, the government said. Following the data, August natural gas
NGQ21,
-0.44%
moved lower, trading down 3.2 cents, or 0.9%, at $3.628 per million British thermal units. Prices were at $3.65 shortly before the data.

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