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Natural-gas futures slip after supply increase

Natural-gas futures slip after supply increase (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned red Thursday after the government reported a bigger-than-expected increase in inventories in the week ended June 3. Natural gas for July delivery (ng11n) declined 2 cents, or 0.3%, to $4.84 per million British thermal units. It had traded around $4.97 per million Btu before the report. The Energy Information Administration reported an increase of 80 billion cubic feet in supplies. Analysts polled by Platts had expected an increase between 74 and 78 billion cubic feet.