Natural Gas Declines a Second Time in Three Days in New York

Natural gas fell for the second time in three days in New York, erasing gains from yesterday.

Futures for October delivery were at $3.700 per million British thermal units in electronic trading on the New York Mercantile Exchange, down 0.5 percent, at 11:17 a.m. Singapore time. The contract rose 0.2 percent yesterday after U.S. gas stockpiles increased less than forecast.

The Energy Information Administration said inventories expanded by 46 billion cubic feet in the week ended Sept. 13 to 3.299 trillion cubic feet. Analyst estimates compiled by Bloomberg showed an predicted a gain of 55 billion.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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