Natural-gas futures extend losses as EIA reports a weekly climb in U.S. supplies

The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage rose by 32 billion cubic feet for the week ended Aug. 25. On average, analysts surveyed by S&P Global Commodity Insights forecast an increase of 30 billion cubic feet. Total working gas in storage for the week was at 3.115 trillion cubic feet, up 484 billion cubic feet from a year ago and 249 billion cubic feet above the five-year average, the government said. In Thursday dealings, October natural gas
traded at $2.751 per million British thermal units, down 4.5 cents, or 1.6%, on the New York Mercantile Exchange. Prices traded at $2.768 ahead of the supply data.

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