Commodities Buzz: US natural gas inventory up around 6.8% on year

Natural gas storage in the US rose by 59 billion cubic feet in the week ended April 10, according to data from the US Energy Information Administration. The inventory was 5.8% higher than the five-year average for this time of the year, the agency said in its weekly report. The agency said that the total gas in underground storage at 1.97 trillion cubic feet as of April 10, 6.8% higher than 1.84 trillion cubic feet a year ago. The stocks were 126 billion cubic feet more than the five-year average of 1.86 trillion cubic feet.

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