The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 64 billion cubic feet in the week ended October 20, while analysts had forecast an increase of 65 billion.
After the release, natural gas for delivery in November on the New York Mercantile Exchange lost 2.2 cents, or about 0.75%, to trade at $2.897 per million British thermal units by 10:33AM ET (14:33GMT).
Futures had been declining by 2.9 cents, or 0.99%, at $2.890 prior to the release of the supply data.
That compared with a build of 51 billion cubic feet (bcf) in the preceding week and represented a decline of 189 billion from a year earlier and was 46 bcf below the five-year average.
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