Investing.com - Natural gas prices were hovering near 11-month lows on Thursday, after data showed that U.S. natural gas supplies rose less than expected last week.
On the New York Mercantile Exchange, natural gas for delivery in November was down just 0.04% to trade at $3.659 per million British thermal units during U.S. morning hours. Prices were at $3.612 prior to the release of the supply data.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ending October 17 rose by 94 billion cubic feet, below expectations for an increase of 97 billion.
Meanwhile, updated weather-forecasting models showed that cold temperatures along the U.S. East Coast will give way to more seasonal readings from October 27 through October 31.
The heating season from November through March is the peak demand period for U.S. gas consumption.
Elsewhere on the Nymex, crude oil for delivery in November climbed 1.48% trade at $81.69 a barrel, while heating oil for November delivery gained 0.41% to trade at $2.483 per gallon.