Natural gas futures dipped Thursday after a weekly stockpile report showed a larger surplus than expected. Producers added 91 billion cubic feet of gas to storage for the week ended Oct. 31, the U.S. Energy Information Administration said. The addition was 5 bcf larger than the 86 bcf consensus average expectations of 16 analysts and brokers in The Wall Street Journal survey. The front-month December contract recently traded down 3.6 cents, or 0.8%, at $4.158 a million British thermal units on the New York Mercantile Exchange. Prices had dipped to as low as $4.111/mmBtu in the minute after the update, but rebounded within 10 minutes. Natural gas has been on its longest rally of the year pushed by expectations of unseasonably cold weather and sharply rising demand starting next week. Traders use the EIA update to gauge how quickly stockpiles are recovering from high demand that […]