Natural Gas Extends Losses After Big EIA Stock Build

- May 26th, 2011

Reuters Africa reports that on Thursday, U.S. natural gas futures extended losses sliding about 4 percent.

Reuters Africa reports that on Thursday, U.S. natural gas futures extended losses sliding about 4 percent.

The market news is quoted as saying:

Immediately following the release of the data at 10:30 a.m. EDT (1430 GMT), front-month June natural gas futures on the New York Mercantile Exchange NGc1 slid to as low as $4.195 per million British thermal units early, down about 18 cents, or near 4 percent before recovering to about $4.257, down about 12 cents, or nearly 3 percent..

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