Natural-gas futures pared their losses on Thursday after the U.S. Energy Information Administration reported that supplies of natural gas rose 20 billion cubic feet for the week ended Nov. 8.
That was on the low end of market expectations. Analysts surveyed by Platts expected a climb of between 20 billion cubic feet and 24 billion cubic feet.
Total stocks now stand at 3.834 trillion cubic feet, down 80 billion cubic feet from a year ago but 58 billion cubic feet above the five-year average, the government said. December natural gas was at $3.54 U.S. per million British thermal units, down 2.5 cents, or 0.7%. It was trading at $3.50 U.S. before the data.
