Natural Gas Storage Levels Jump More Than Expected

ERNEST SCHEYDER

NEW YORK (AP) — Natural gas inventory levels jumped more than expected last week, the government said Thursday.

The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 114 billion cubic feet to about 2.56 trillion cubic feet for the week ended June 12.

Analysts had expected a boost of between 107 billion and 112 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. ...