Natural gas prices fell for the third straight session Thursday, as inventories grew more than expected for the second straight week. Futures for October delivery fell 14.8 cents, or 4.8%, to $2.946 a million British thermal units on the New York Mercantile Exchange. Prices extended losses after the latest U.S. Energy Information Administration report showed that inventories grew by 97 billion cubic feet in the week ended Sept. 15, more than the 89 bcf expected by analysts and traders surveyed by The Wall Street Journal. Although warmer-than-expected temperatures have supported natural gas prices in the past few weeks, a second substantial inventory build weighed on market sentiment, analysts said. Some attributed the increase to power outages related to recent hurricanes. “We are now looking at one of the largest builds of the season,” said Teri Viswanath, managing director of natural gas at PIRA Energy Group. “The market is certainly […]