Natural Gas Advances on Smaller-Than-Forecast Inventory Gain
This article is for subscribers only.
Natural gas futures climbed for the third time in four days after a government report showed that U.S. stockpiles expanded by less than forecast last week.
Gas gained 2.5 percent after the Energy Information Administration said inventories rose 57 billion cubic feet in the week ended Aug. 16 to 3.063 trillion cubic feet. Analyst estimates compiled by Bloomberg showed a gain of 65 billion. A survey of Bloomberg users predicted an increase of 62 billion.