Natural Gas Falls Further As U.S. Supplies Climb 52 Billion Cubic Feet

By Myra P. SaefongMarketWatch Pulse

Natural-gas futures fell further on Thursday after the U.S. Energy Information Administration reported that supplies of natural gas rose by 52 billion cubic feet for the week ended July 24. Analysts polled by Platts forecast a climb of 53 billion cubic feet to 57 billion cubic feet. Total stocks now stand at 2.880 trillion cubic feet, up 586 billion cubic feet from a year ago and 85 billion cubic feet above the five-year average, the government said. September natural gas was at $2.792 per million British thermal units, down 7.2 cents, or 2.5%. It was trading at $2.817 before the data.

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