The NYMEX November natural gas futures contract fell Thursday after the US Energy Information Administration estimated a build to gas storage stocks that was slightly higher than analysts expected. The November contract ended trading Thursday at $3.141/MMBtu, down 2.9 cents. The front-month contract traded in a range between $3.101/MMBtu and $3.201/MMBtu. The EIA said there was a 77-Bcf injection to storage in the week ended October 14. The injection was 5 Bcf higher than analysts’ consensus of a 72-Bcf build. The cumulative storage volume now stands at 3.836 Tcf. The total working gas in storage is 175 Bcf, or 4.8%, higher the five-year average storage volume of 3.651 Tcf. The storage stocks are also 46 Bcf higher than last year at this time. Article Continues below… Your source for actionable intelligence across the entire gas marketplace: Market commentary recaps prior day’s spot and futures trading activity Natural gas news, […]