Natural Gas Futures Declined as Supply Dropped

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Source: Bloomberg
© Scanpix/Reuters
Natural gas futures dropped after reaching the highest level in 2012 as the U.S. government report showed supply dwindled. Gas lost 1.5%, the first loss this week. According to the Energy Department report prices rose 3.8% and stockpiles declined from 3.929 trillion cubic feet to 3.911 trillion last week, following a record gain on the week ended on November 2. The contract for December delivery dropped 5.7 cents to $3.703 per million British thermal units.
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Fri, 16 Nov 2012 13:13:14 GMT

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