Natural gas adds to losses after supplies report

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Natural gas adds to losses after supplies report (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Natural-gas futures fell further Thursday after a report showed a larger-than-expected increase in weekly supplies of the product. Natural gas for August delivery (ngq12) , the new front-month contract, declined 13 cents, or 4.5%, to $2.67 per million British thermal units. The Energy Information Administration reported a rise of 57 billion cubic feet for the week ended June 22. Analysts polled by Platts had expected an increase between 51 bcf and 55 bcf. Futures prices traded around $2.80 before the data.

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