The U.S. Energy Information Administration reported Thursday that supplies of natural gas rose 98 billion cubic feet for the week ended Sept. 25. Analysts polled by Platts forecast a climb of between 98 billion cubic feet and 102 billion cubic feet. Total stocks now stand at 3.538 trillion cubic feet, up 454 billion cubic feet from a year ago and 152 billion cubic feet above the five-year average, the government said. November natural gas NGX15, -2.02% was at $2.493 per million British thermal units, down 3.1 cents, or 1.2%. That’s about the same level it traded at before the supply data.
via Marketwatch
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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