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U.S. natural gas stocks up 71 bln cubic feet: EIA

U.S. natural gas stocks up 71 bln cubic feet: EIA ( NGN12 ) (by Myra P. Saefong)

SAN FRANCISCO (MarketWatch) -- Natural-gas inventories rose by 71 billion cubic feet for the week ended May 25, the U.S. Energy Department said Thursday. Analysts polled by Platts forecast a climb of between 67 billion and 71 billion cubic feet. Total stocks now stand at 2.815 trillion cubic feet, up 732 billion cubic feet from the year-ago level and 724 billion cubic feet above the five-year average, the government said. July natural gas (ngn12) was down 0.6% at $2.40 per million British thermal units. It was trading nearly unchanged ahead of the data.