The Energy Department said natural-gas inventories rose 53 billion cubic feet for the week ended Oct. 13. The climb was in line with the estimate from Global Insight, but above the 48 billion increase analysts at Fimat USA expected. Total stocks now stand at 3.442 trillion cubic feet, up 391 billion cubic feet from the year-ago level, and 345 billion cubic feet above the five-year average, the government data said. November natural gas shed 4.7 cents, or 0.7%, to $6.76 per million British thermal units. It traded at a five-week high of $6.91 before the data.

November natural gas was up 2.3 cents at $6.83 per million British thermal units, finding support from a 70-cent rise in November crude to $58.35 a barrel. U.S. natural-gas supplies rose 53 billion cubic feet last week, the Energy Department said. "The build is near the seasonal average for a week where weather was colder than average," said Ben Smith, a managing partner at First Enercast Financial.