Natural-gas futures gained more ground on Thursday after the U.S. Energy Information Administration reported that supplies of natural gas rose 63 billion cubic feet for the week ended Oct. 23. Analysts polled by Platts forecast a climb of between 66 billion cubic feet and 70 billion cubic feet. Total stocks now stand at 3.877 trillion cubic feet, up 409 billion cubic feet from a year ago and 153 billion cubic feet above the five-year average, the government said. December natural gas was at $2.355 per million British thermal units, up 5.7 cents, or 2.4%. It traded at $2.348 before the supply data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
