Natural gas prices fall after report says supplies still high despite frigid weather

Natural gas tumbles on large supplies

Natural gas prices tumbled nearly 4 percent after the government said supplies are still higher than average for this time of year. With the winter more than half over and warmer temperatures on the horizon, natural gas prices slumped.

Here’s a breakdown of how energy prices traded Thursday:

On the New York Mercantile Exchange:

Crude: added $1.73 to settle at $79.06 a barrel.

Gasoline: rose 6.21 cents to settle at $2.0692 a gallon.

Heating oil: added 4.49 cents to settle at $2.0516 a gallon.

Natural gas: lost 21.4 cents to settle at $5.172 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude: increased $1.51 to settle at $77.78 a barrel.