FX.co ★ US Natural Gas Stocks Rise More Than Expected

US energy companies injected 61 billion cubic feet (bcf) of natural gas into storage during the week ended July 3, surpassing market expectations for a 49 bcf build, EIA data showed. The injection also exceeded both the 53 bcf added in the same week a year earlier and the five-year average increase of 51 bcf. Total working gas in storage rose to 2.983 trillion cubic feet, leaving inventories about 0.5% below year-earlier levels but 6.6% above the five-year seasonal average. The latest build followed an 87 bcf injection in the prior week ended June 26.