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US natural gas supplies grew last week

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October 10, 2013 11:53 AM EST | AP


NEW YORK — 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 90 billion cubic feet to 3.577 trillion cubic feet for the week ended Oct. 4.

Analysts expected a rise of 93 billion to 97 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

The inventory level was 1.6 percent above the five-year average of 3.522 trillion cubic feet, but 3.7 percent below last year's level of 3.715 trillion cubic feet, according to the government data.

Natural gas futures rose 8 cents to $3.76 per 1,000 cubic feet in New York.