Natural-gas Futures Extend Losses After EIA Reports Bigger-than-expected Rise In U.S. Supplies

Natural-gas futures fell further Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 54 billion cubic feet for the week ended Nov. 4. That was above the 51 billion-cubic-foot rise expected by analysts polled by S&P Global Platts. Total stocks now stand at 4.017 trillion cubic feet, up 47 billion cubic feet from a year ago and 189 billion cubic feet above the five-year average, the government said. December natural gas fell 9.7 cents, or 3.6% from Wednesday's settlement to $2.593 per million British thermal units. It traded at $2.611 before the data.

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