US natural gas inventories increased less than expected during the week ending August 1, according to data released Thursday by the US Energy Information Administration.

 

The inventories rose by 7 billion cubic feet (bcf), below the expected increase of 18 bcf.

 

The total natural gas inventories were 4.2% less than the same period last year, but remained 5.9% above the five-year average of 2.95 trillion cubic feet.

 

US Natural Gas Inventories (bcf)

Item

Last Year

Last Week

Current Week

Weekly Change

Natural Gas

3,267

3,123

3,130

+7

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