Natural Gas Extend Losses After Bigger-than-expected Supply Rise

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Natural-gas futures on Thursday extended earlier declines after the U.S. Energy Information Administration reported that supplies of natural gas rose 63 billion cubic feet for the week ended April 10. Analysts surveyed by Platts forecast a climb of between 48 billion cubic feet and 52 billion cubic feet. Total stocks now stand at 1,539 trillion cubic feet, up 692 billion cubic feet from a year ago and 145 billion cubic feet below the five-year average, the government said. May natural gas was at $2.562 per million British thermal units, down 4.8 cents, or 1.8%. It was trading around $2.60 before the data.

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