Natural Gas Jumps Most in 4 Months on Below-Forecast Supply Gain
This article is for subscribers only.
Natural gas futures climbed the most in almost four months, reaching a five-week high, after a government report showed that a U.S. stockpile expansion was smaller than forecast.
Gas rose 5.6 percent, the biggest one-day gain since Feb. 19. The Energy Information Administration said stockpiles grew 107 billion cubic feet in the seven days ended June 6. Analyst estimates compiled by Bloomberg showed an expected increase of 111 billion. Inventories reached 1.606 trillion cubic feet, the lowest level for the time of the year since 2003.