Natural-gas prices climb even as supplies tie a record

Natural-gas prices rallied Thursday after data showed a smaller-than-expected weekly climb in U.S. inventories, but with total supplies matching a record level set three years ago, analysts don’t expect the gains to last.

December natural gas NGZ15, -0.21%  jumped 10.2 cents, or 4.5%, to settle at $2.364 per million British thermal units on the New York Mercantile Exchange. The settlement was the highest for a most active contract since Oct. 22.

Prices added to earlier gains, bucking a trend lower for oil, after data from the U.S. Energy Information Administration showed natural-gas supplies rose 52 billion cubic feet for the week ended Oct. 30. Analysts polled by Platts were looking for a climb between 55 billion and 59 billion cubic feet.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my