Natural Gas Inventory Up

The United States natural gas inventory rose by 36 billion cubic feet for the week ending August 31, 2007 according to the United States Energy Department, stated in a press release on September 6, 2007. Petroleum analysts at Global Insight expected a climb of 57 billion standard cubic feet of gas and the total natural gas stocks now stand at 3.005 trillion cubic feet, up 39 billion cubic feet from the year-ago level and 284 billion cubic feet above the five-year average, the United States Energy department government data said. October 2007 natural gas futures were last up 2.9% at $5.975 per million British thermal units.

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