Natural Gas Caps Weekly Decline as Supplies Approach Record
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Natural gas capped its first weekly drop since September as stockpiles approached a record after a bigger-than-normal storage injection yesterday.
The futures declined 1 percent after Energy Department data showed inventories rose 67 billion cubic feet to 3.843 trillion in the week ended Oct. 19. The five-year average gain for that period is 65 billion. Supplies may climb to an all-time high of 3.903 trillion cubic feet by Oct. 31, department estimates show.