The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies climbed by 78 billion cubic feet for the week ended May 5. Analysts called for a storage increase of 73 billion cubic feet on average, according to a survey conducted by S&P Global Commodity Insights. Total working gas in storage for the latest week was at 2.141 trillion cubic feet, up 509 billion cubic feet from a year ago and 332 billion cubic feet above the five-year average, the government said. Following the data, June natural gas NGM23 was up 2.4 cents, or 1.1%, at $2.215 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.204 shortly before the supply data.
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