Financial Wire

Update: US Natural Gas Inventories Rise 50 Bcf, EIA Says

(Updates with additional details in the 4th paragraph.)US natural gas stockpiles in underground storage stood at 1,911 billion cubic feet for the week ending Apr. 3 up 50 Bcf from the previous week, the Energy Information Administration said in its weekly report Thursday.Inventories were 89 Bcf above year-ago levels and 87 Bcf above the five-year average of 1,824 Bcf.At 1,911 Bcf, total working gas remains within the five-year historical range, the EIA said.The net increase is above market expectations for a 41 Bcf build, according to data from Investing.com.

-- (Updates with additional details in the 4th paragraph.)

US natural gas stockpiles in underground storage stood at 1,911 billion cubic feet for the week ending Apr. 3 up 50 Bcf from the previous week, the Energy Information Administration said in its weekly report Thursday.

Inventories were 89 Bcf above year-ago levels and 87 Bcf above the five-year average of 1,824 Bcf.

At 1,911 Bcf, total working gas remains within the five-year historical range, the EIA said.

The net increase is above market expectations for a 41 Bcf build, according to data from Investing.com.