Natural gas prices rebounded on Thursday, gaining after falling earlier to a fresh one-month low. Bearish traders who have dominated the market may be taking profits by buying and bidding up the price, after weekly government storage data was published, a broker and analyst said. Prices dipped after the U.S. Energy Information Administration update at 10:30 a.m., EDT, said storage levels grew by 91 billion cubic feet, larger than the expected and average additions, in the week ended July 3. The five-year average addition for that week was 75 bcf. Forecasters surveyed by The Wall Street Journal had a median expectation of 85 bcf. The heavy surplus would indicate the market is oversupplied and by more than most had expected. But with that inventory news out of the way, traders who bet on a fall in prices may have been closing out their bets. In addition […]