Natural Gas Extends Loss With U.S. Supplies Up 89 Billion Cubic Feet

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Natural-gas futures on Thursday extended their losses after the U.S. Energy Information Administration reported that supplies of natural gas rose by 89 billion cubic feet for the week ended June 12. Analysts polled by Platts forecast a climb of 91 billion cubic feet to 95 billion cubic feet. Total stocks now stand at 2,433 trillion cubic feet, up 730 billion cubic feet from a year ago and 46 billion cubic feet above the five-year average, the government said. July natural gas was at $2.83 per million British thermal units, down 2.4 cents, or 0.8%. It was trading at $2.84 before the data.

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