Natural Gas Pares Losses After Supplies Gain Less Than Forecast

By Bill Banker

Oct. 23 (Bloomberg) -- Natural gas futures in New York pared losses after an Energy Department report showed that U.S. supplies gained less than analysts estimated.

Natural gas for November delivery fell 17.7 cents, or 2.6 percent, to $6.60 per million British thermal units at 10:37 a.m. on the New York Mercantile Exchange. Gas was trading 3.3 percent lower at $6.555 before the report was released at 10:35 a.m.

To contact the reporter on this story: Bill Banker in New York at bbanker@bloomberg.net.