Natural gas falls further after EIA supply data ( NGF13 ) (by Myra P. Saefong)
SAN FRANCISCO (MarketWatch) -- Natural-gas futures lost more ground Thursday after the Energy Information Administration reported that inventories of the commodity unexpectedly rose 4 billion cubic feet for the week ended Nov. 23. Analysts polled by Platts expected a withdrawal of between 9 billion cubic feet and 13 billion. Total stocks now stand at 3.877 trillion cubic feet, up 26 billion cubic feet from the year-ago level and 190 billion cubic feet above the five-year average, the government said. January natural gas (ngf13) was at $3.67 per million British thermal units, down 13 cents, or 3.4%. It was trading around $3.72 shortly before the data.