The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 75 billion cubic feet for the week ended Oct. 2. On average, analysts polled by S&P Global Platts forecast an increase of 71 billion cubic feet. Total stocks now stand at 3.831 trillion cubic feet, up 444 billion cubic feet from a year ago, and 394 billion cubic feet above the five-year average, the government said. November natural gas gave up earlier losses to trade at $2.623 per million British thermal units, up 1.5 cents, or 0.6%. It traded at $2.587 before the data.
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