MW: Natural gas gains after smaller supply increase
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- U.S. natural-gas supplies rose 78 billion cubic feet in the week ended Aug. 8, the Energy Information Administration said Thursday. Analysts surveyed by Platts had expected an increase between 81 bcf and 85 bcf. Natural gas futures got a lift after the report; the September contract NGU14 +2.72% was recently up 7 cents, or 1.9%, to $3.90 per million British thermal units. It was trading around $3.86 per million Btu before the release.
