Friday, September 01, 2006

Natural Gas Supply Data

The Energy Department said natural-gas inventories rose 48 billion cubic feet for the week ended Aug. 25. Analysts at Global Insight expected an increase of 58 billion. Total stocks now stand at 2.905 trillion cubic feet, up 280 billion cubic feet from the year-ago level, and 320 billion cubic feet above the five-year average, the government data said. October natural gas shed 13 cents, or 2.1%, to $6.16 per million British thermal units after trading as low as $6.07 earlier.