Natural-gas futures, meanwhile, finished higher after the U.S. Energy Information Administration reported Thursday that supplies of the commodity rose 37 billion cubic feet for the week ended June 24.That was below the average rise of 46 billion cubic feet expected by analysts polled by S&P Global Platts, but the data also included a downward “reclassification” to stocks in the Pacific region.
August natural gas NGQ16, +0.55% ended at $2.924 per million British thermal units, up 6.1 cents, or 2.1%. Prices are up 25.1% year to date, after surging over 49% for the second quarter.
On Nymex, oil-product prices ended broadly lower on the expiration day of the July contracts. July reformulated gasoline RBN6, -2.63% fell 2.3 cents, or 1.5%, to $1.501 a gallon and July heating oil HON6, -4.40% fell 4.9 cents, or 3.2%, to $1.485 a gallon. Year to date, gasoline futures have gained 18.5%, while heating oil has rallied by 34.9%.
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