Natural gas adds to losses after supply report (by Claudia Assis)
SAN FRANCISCO (MarketWatch) -- Natural-gas futures traded lower Thursday, adding to losses after a weekly government report on inventories came in at the higher end of expectations. Natural gas for November delivery (ng11x) declined 6 cents, or 1.4%, to $3.54 per million British thermal units on the New York Mercantile Exchange. It traded around $3.56 moments before the report. The Energy Information Administration said inventories of natural gas rose 92 billion cubic feet in the week ended Oct. 21. Analysts surveyed by Platts had expected an increase between 88 billion cubic feet and 92 billion cubic feet.