(Bloomberg) -- Natural gas in New York fell for a
second day as the current flow of gas into storage would push
stockpiles to a record at the start of next winter when demand
surges to run furnaces.
Supplies rose 110 billion cubic feet last week, the U.S.
Energy Department said in a report released yesterday. The
increase, higher than the five-year average for the third
consecutive week, was ahead of analyst expectations. A Bloomberg
survey of 25 analysts estimated inventories would expand by 105
billion cubic feet.
Read more at Bloomberg Energy News
second day as the current flow of gas into storage would push
stockpiles to a record at the start of next winter when demand
surges to run furnaces.
Supplies rose 110 billion cubic feet last week, the U.S.
Energy Department said in a report released yesterday. The
increase, higher than the five-year average for the third
consecutive week, was ahead of analyst expectations. A Bloomberg
survey of 25 analysts estimated inventories would expand by 105
billion cubic feet.
Read more at Bloomberg Energy News
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