Natural Gas Falls As U.S. Supplies Rise 76 Billion Cubic Feet

Natural-gas futures turned lower Thursday after the U.S. Energy Information Administration reported that natural-gas supplies rose by 76 billion cubic feet for the week ended May 1. Analysts surveyed by Platts forecast a climb of between 72 billion cubic feet and 76 billion cubic feet. Total stocks now stand at 1,786 trillion cubic feet, up 742 billion cubic feet from a year ago and 67 billion cubic feet below the five-year average, the government said. June natural gas was at $2.75 per million British thermal units, down 2.6 cents, or 0.9%. It was trading around $2.79 before the data.