Natural gas suffered its biggest losses and had its most volatile trading in more than two weeks after a larger-than-expected stockpile addition dashed a weather-related rally. The U.S. Energy Information Administration said producers added 100 billion cubic feet of natural gas to storage in the week ended Oct. 9. That is 6 bcf more than the average forecast of 18 analysts and traders surveyed by The Wall Street Journal. Prices for the front-month November contract settled down 6.5 cents, or 2.6%, at $2.453 a million British thermal units on the New York Mercantile Exchange. It was the largest losses in one day since Oct. 1 and puts gas back to within 1% of the three-year low it closed at to start the month. The losses came from a high starting point as the market had been up more than 2% in trading before the EIA’s storage update. It is […]