EIA reports smaller-than-expected weekly climb in U.S. natural-gas supplies

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The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 46 billion cubic feet for the week ended Oct. 9. Supplies were expected to climb by 60 billion cubic feet for the week, according to an estimate from Marshall Steeves, energy markets analyst at IHS Markit. Total stocks now stand at 3.877 trillion cubic feet, up 388 billion cubic feet from a year ago, and 353 billion cubic feet above the five-year average, the government said. Following the data, November natural gas rose 16.7 cents, or 6.3%, to $2.803 per million British thermal units. It traded at $2.798 shortly before the data.
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