Skip to content
Subscriber Only

Natural Gas Drops on Outlook for Ample Heating-Fuel Supplies

Natural gas futures dropped from a two-week high in New York amid speculation that a government report tomorrow will show a U.S. inventory gain that’s above average for this time of year.

Gas slid 1.4 percent as the Energy Information Administration may say stockpiles expanded by 22 billion cubic feet last week, based on the median of 18 analyst estimates compiled by Bloomberg. Estimates ranged from gains of 2 billion to 33 billion. The five-year average injection for the week is 19 billion. Supplies fell 12 billion a year earlier.