Natural-gas futures turn lower as EIA reports a bigger-than-expected weekly rise in U.S. supplies

The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage rose by 97 billion cubic feet for the week ended Oct. 13. On average, analysts surveyed by S&P Global Commodity Insights forecast an increase of 83 billion cubic feet. Total working gas in storage for the week was at 3.626 trillion cubic feet, up 300 billion cubic feet from a year ago and 175 billion cubic feet above the five-year average, the government said. In Thursday dealings, November natural gas
NGX23,
-1.90%
traded at $2.995 per million British thermal units, down 6.1 cents, or 2%, on the New York Mercantile Exchange. Prices traded at $3.075 ahead of the supply data.