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Natural-gas futures turn higher after EIA reports a smaller-than-expected rise in U.S. supplies

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The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 32 billion cubic feet for the week ended July 15. That compared to an average forecast for an increase of 44 billion cubic feet from analysts polled by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.401 trillion cubic feet, down 270 billion cubic feet from a year ago and 328 billion cubic feet below the five-year average, the government said. Following the data, August natural gas was up 12.9 cents, or 1.7%, at $8.136 per million British thermal units. Prices traded at $7.823 before the supply data.

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