8/11, 4:33 PM (Source: TeleTrader)
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EIA: US gas inventories up by 44 billion cubic feet

Working gas in storage across the United States expanded by more than expected 44 billion cubic feet to reach 2,501 billion cubic feet in the week ending August 5, the Energy Information Administration said in its report published on Thursday.

Compared to the previous year, gas stocks stood 268 billion cubic feet lower and 338 billion cubic feet below the five-year average of 2,839 billion cubic feet. However, the total working gas remained within the five-year historical range at 2,501 billion cubic feet, the EIA concluded.

At the time of writing, UK natural gas futures for delivery in September rose by 4.79% to 412.87 pence per therm, returning to levels seen in late July.

Baha Breaking News (BBN) / ND