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Hefty Storage Build, Milder Weather Pull Natural Gas Futures Lower — MidDay Market Snapshot

Natural Gas Intelligence · last updated

A widely anticipated, triple-digit storage injection reported Thursday by the U.S. Energy Information Administration (EIA) – the fourth in a row to top 100 Bcf – kept pressure on natural gas futures through midday trade.

NGI's midday national average natural gas spot price

Here’s the latest:

  • June Nymex futures slide 9.8 cents to $3.270/MMBtu as of 2:15 p.m. ET
  • EIA reports 120 Bcf storage build, stocks at 2,375 Bcf
  • Five-year average surplus widens to 90 Bcf

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