Natural-gas Prices Turn Lower As U.S. Supplies Rise More Than Expected

Natural-gas futures turned slightly lower on Thursday after the U.S. Energy Information Administration reported that supplies of natural gas rose 100 billion cubic feet for the week ended Oct. 9. Analysts polled by Platts forecast a climb of between 91 billion cubic feet and 95 billion cubic feet. Total stocks now stand at 3.733 trillion cubic feet, up 447 billion cubic feet from a year ago and 168 billion cubic feet above the five-year average, the government said. November natural gas was at $2.511 per million British thermal units, down nearly a penny, or 0.2%. It traded at $2.571 before the supply data.

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