Natural Gas Approaching First Weekly Drop Since September

Bloomberg reported that natural gas is approaching the first weekly drop since September, due to near-record stockpile levels.

As quoted in the market report:

The futures declined as much as 2.3 percent after inventories rose 67 billion cubic feet to 3.843 trillion in the week ended Oct. 19, according to the Energy Department. The five-year average gain for that period is 65 billion. Supplies may climb to an all-time high of 3.903 trillion cubic feet by Oct. 31, department estimates show.

To view the whole Bloomberg report, click here.