US natural gas supplies grew last week

AP News
Posted: Nov 29, 2012 10:50 AM

NEW YORK (AP) — The nation's natural gas supplies rose last week, the government said Thursday.

The Energy Department's Energy Information Administration reported that natural gas in storage grew by 4 billion cubic feet to 3.877 trillion cubic feet in the week ended Nov. 29.

Analysts expected a rise of 9 billion to 13 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

The inventory level was 5.2 percent above the five-year average of 3.687 trillion cubic feet, and 0.7 percent above last year's level of 3.851 trillion cubic feet, according to the government data.

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Natural gas futures fell 15 cents to $3.65 per 1,000 cubic feet in New York.