Bearish Storage Stats Sink Natural Gas Futures; More Spikes in New England

A bearish government storage report helped fuel a natural gas futures retreat Thursday as lingering cold couldn’t overshadow signs of a well-supplied market. Spot prices were mixed, with a few New England points spiking and California prices eased amid moderate demand in the region; the NGI National Spot Gas Average climbed 14 cents to $2.92/MMBtu.

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