Natural gas adds to gains after EIA supply data ( NGX12 ) (by Myra P. Saefong)
SAN FRANCISCO (MarketWatch) -- Natural-gas futures climbed even higher Thursday after the Energy Information Administration reported that inventories of the commodity rose a bit less than expected, by 72 billion cubic feet for the week ended Oct. 5. Analysts polled by Platts expected the report to show a climb of between 76 billion cubic feet and 80 billion. Total stocks now stand at 3.725 trillion cubic feet, up 236 billion cubic feet from the year-ago level and 269 billion cubic feet above the five-year average, the government said. November natural gas (ngx12) was up 10 cents, or 2.8%, at $3.58 per million British thermal units. It was trading around $3.52 shortly before the data.