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The Associated Press reported that natural gas prices fell 13 cents, or 5.7 percent due to an unexpected jump in U.S. supplies.
The Associated Press reported that natural gas prices fell 13 cents, or 5.7 percent due to an unexpected jump in U.S. supplies.
As quoted in the market news:
The futures price dropped sharply in New York after the government reported that natural gas inventories expanded well beyond what analysts expected. The country’s total supply grew by 57 billion cubic feet last week to a level that’s now 59 percent above the five-year average.
Click here to read the full The Associated Press report.