Natural-gas Futures Extend Losses After EIA Reports 30 Billion-cubic-foot Rise In U.S. Supplies

By Myra P. SaefongMarketsMarketWatch Pulse

Natural-gas futures extended their earlier losses Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 30 billion cubic feet for the week ended Nov. 11. That matched the increase expected by analysts polled by S&P Global Platts. Total stocks now stand at 4.047 trillion cubic feet, up 51 billion cubic feet from a year ago and 216 billion cubic feet above the five-year average, the government said. December natural gas fell 5.6 cents, or 2%, from Wednesday's settlement to $2.708 per million British thermal units. It traded at $2.739 before the data.

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