Natural-gas prices rise as EIA reports a smaller-than-expected weekly supply climb

Natural-gas futures topped $4 per million British thermal units on Thursday, on track for their highest settlement in over two weeks after the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 29 billion cubic feet for the week ended Aug. 20. On average, analysts forecast a larger increase of 37 billion cubic feet, according to a poll conducted by S&P Global Platts. Total stocks now stand at 2.851 trillion cubic feet, down 563 billion cubic feet from a year ago and 189 billion cubic feet below the five-year average, the government said. Following the data, September natural gas moved higher, trading up by 17.2 cents, or 4.4%, at $4.069 per million British thermal units. Prices were at $3.996 shortly before the data. Front-month prices haven't settled at or above $4 since Aug. 11, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Natural-gas prices rise as EIA reports a smaller-than-expected weekly supply climb
Natural-gas futures topped $4 per million British thermal units on Thursday, on track for their highest settlement in over two weeks after the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 29 billion cubic feet for the week ended Aug. 20. On average, analysts forecast a larger increase of 37 billion cubic feet, according to a poll conducted by S&P Global Platts. Total stocks now stand at 2.851 trillion cubic feet, down 563 billion cubic feet from a year ago and 189 billion cubic feet below the five-year average, the government said. Following the data, September natural gas moved higher, trading up by 17.2 cents, or 4.4%, at $4.069 per million British thermal units. Prices were at $3.996 shortly before the data. Front-month prices haven't settled at or above $4 since Aug. 11, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.