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Natural Gas Futures Fail to Sustain Momentum After EIA Prints Huge Storage Draw

Natural Gas Intelligence · last updated

Natural gas futures charted a wobbly path before turning lower on Thursday as traders weighed a stout storage draw and resulting tighter balances against upcoming soft shoulder season demand.

Natural Gas Intelligence's (NGI) U.S. Energy Information Administration natural gas storage chart.

At A Glance:

  • EIA reports 261 Bcf withdrawal
  • Expand Energy Corp. plans 9% output ramp
  • Spring-like weather lightens demand

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