Natural Gas Tumbles on Storage Increase, Drop in Commodities
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Natural gas futures fell the most in 19 months, following declines in commodity markets, on a bigger-than-forecast U.S. inventories gain and concern that economic growth will ease.
Gas fell for a fourth day after the Energy Department said stockpiles increased 72 billion cubic feet in the week ended April 29 to 1.757 trillion cubic feet. Analyst estimates compiled by Bloomberg showed an expected gain of 67 billion. Gas’s loss accelerated along with oil as commodities dropped the most in 31 months.