Natural gas futures contract prices are down slightly today,
extending a week-long decline following reports of substantial
supplies throughout the country.
Prices for futures contracts (NGX13.NYM) are down 3 cents - or
nearly 1% - to $3.64 per 1 million British thermal units.
The U.S. Energy Information Administration yesterday reported
supplies of natural gas rose by 77 billion cubic feet during the
week ended Oct. 11, largely in-line with market expectations.
Total inventory of natural gas now stands at 3.654 trillion
cubic feet, down 115 billion cubic feet from the year-ago level and
57 billion cubic feet above the five-year average, the government
United States Natural Gas (
) an exchange traded fund, saw prices slip 19 cents or 1%, to
$18.64 per share this morning.
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