The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 78 billion cubic feet for the week ended Sept. 6. The average forecast of analysts polled by S&P Global Platts had called for an increase of 87 billion cubic feet. Total stocks now stand at 3.019 trillion cubic feet, up 393 billion cubic feet from a year ago, but 77 billion below the five-year average, the government said. October natural gas NGV19, +0.04% traded at $2.57 per million British thermal units, up 1.8 cents, or 0.7%, from Wednesday's settlement. It was trading at $2.539 before the data.
Oil futures finish with a loss on Thursday as OPEC and its allies reiterated their commitment to current output cuts, but failed to announce bigger production cuts as some had expected in the wake of easing tensions between the U.S. and Iran.