MW: U.S. natural gas inventories rise to near record
By Moming Zhou
NEW YORK (MarketWatch) -- U.S. natural gas inventories rose 67 billion cubic feet to 3,525 Bcf in the week ended Sept. 18, the Energy Information Administration reported Thursday. That's only 20 Bcf away from the record high hit in November, 2007. After the data, October natural gas futures fell 1.6% to $3.798 per million British thermal on the New York Mercantile Exchange. At the current level, stocks were 509 Bcf higher than last year at this time and 485 Bcf above the five-year average, the EIA said.
