MW: Natural-gas futures turn higher after EIA data
By Polya Lesova
NEW YORK (MarketWatch) -- Natural-gas futures turned higher Thursday, erasing their losses after the Energy Information Administration reported that supplies rose by 63 billion cubic feet during the week ended Aug. 7. Analysts polled by Platts expected an addition of 65 billion to 69 billion cubic feet. IHS Global Insight projected a storage increase of 62 billion cubic feet. After the data, September natural-gas futures rose 0.1% to $3.481 per million British thermal units. Before the data, the contract was trading down 2% at $3.408 per million British thermal units.
