1459 ET - Natural gas futures settle lower, down 1.1% to $3.168 per mmBtu. Natural gas slid in afternoon trading after the EIA released its latest natural gas storage numbers. The agency reported that 85 billion cubic feet were added to natural gas stocks for the week ended Oct. 2. That's more than the 79 bcf that analysts surveyed by The Wall Street Journal anticipated would be added. "The year-on-year deficit remains, though the larger than expected build has taken some force out of the rally that preceded the release," says Gelber & Associates in a note. Even so, the firm adds, the wrath of Hurricane Isaias may shake up the demand picture more than expected.
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