According to the Deparment of Energy’s Energy Information Administration, natural gas inventories in the U.S. were up by 58 billion cubic feet (ft³) at the end of last week, bringing storage levels to approximately 2.91 trillion ft³. While this figure is 2.9 percent greater than the five-year average, last year’s storage levels at this time were over 3 trillion ft³. As a result of the surplus, natural gas for October delivery slid just over seventeen cents to $7.223 per ft³.
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