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Update: US Natural Gas Inventories Rise 32 Bcf, EIA Says

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(Updates to include additional details.)

US natural gas stockpiles in underground storage stood at 3,056 billion cubic feet for the week ending July 17, up 32 Bcf from the previous week, the Energy Information Administration said in its weekly report Thursday.

Inventories were 16 Bcf below year-ago levels and 183 Bcf above the five-year average of 2,873 Bcf.

At 3,056 Bcf, total working gas remains within the five-year historical range, the EIA said.

The net increase is larger than market expectations of a 29 Bcf build, according to data from Investing.com.

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