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NEW YORK (AP) — The nation's natural gas supplies rose last week, the government said Thursday.
The Energy Department's Energy Information Administration reported that natural gas in storage grew by 24 billion cubic feet to 3.241 trillion cubic feet for the week ended Aug. 3.
Analysts expected a rise of 27 billion to 31 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
The inventory level was 13.5 percent above the five-year average of 2.855 trillion cubic feet, and 16.8 percent above last year's level of 2.776 trillion cubic feet, according to the government data.
Natural gas rose 17 cents, or 5.8 percent, to $3.10 per 1,000 cubic feet in New York.