Natural-gas Prices Fall After EIA Reports Larger-than-expected Climb In U.S. Supplies

By Myra P. SaefongMarketWatch Pulse

The U.S. Energy Information Administration reported Thursday that supplies of natural gas rose 106 billion cubic feet for the week ended Sept. 18. Analysts polled by Platts forecast a climb of between 94 billion cubic feet and 98 billion cubic feet. Total stocks now stand at 3.440 trillion cubic feet, up 466 billion cubic feet from a year ago and 148 billion cubic feet above the five-year average, the government said. October natural gas was at $2.541 per million British thermal units, down 2.8 cents, or 1.1%. Prices traded at $2.552 before the supply data.

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