Natural gas declines further after supply report

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Natural gas declines further after supply report (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Natural-gas futures added to losses Thursday after U.S. government data showed a larger-than-expected inventories increase for the week ended March 23. The U.S. Energy Information Administration reported an increase of 57 billion cubic feet. Analysts surveyed by Platts had expected a net injection between 43 bcf to 47 bcf for the week. Natural-gas for May delivery (ngk12) , the new front-month contract, retreated 10 cents, or 4.4%, to $2.18 per million British thermal units. It had lost about four cents before the data.

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