Nymex Gas Declines After Report of Larger-Than-Expected U.S. Supply Gain

(Bloomberg) -- Natural gas in New York declined,
erasing an earlier gain, as storage rose more than expected,
signaling adequate supplies to meet summer demand.

Gas in storage expanded 89 billion cubic feet last week, the
U.S. Energy Department said today in its 10:30 a.m. report.
Analysts predicted inventories would rise 88 billion cubic feet,
based on the median of 26 estimates in a Bloomberg survey of
analysts. Estimates ranged from 75 billion cubic feet to 94
billion.


Read more at Bloomberg Energy News