10:41AM
Natural gas falls after weekly EIA supplies data ( NGQ13 ) by Victor Reklaitis
NEW YORK (MarketWatch) - Natural-gas futures fell further on Thursday after the U.S. Energy Information Administration reported a net increase of 95 billion cubic feet in U.S. inventories for the week ended June 21. Analysts polled by Platts forecasted a net addition between 88 billion cubic feet and 92 billion cubic feet. Total stocks now stand at 2.533 trillion cubic feet, down 522 billion cubic feet from the year-ago level and 31 billion cubic feet below the five-year average, the government said. August natural gas (ngq13) was at $3.60 per million British thermal units, down 14 cents, or nearly 4%. It was trading at $3.69 shortly before the data.
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