After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data.

Here’s the latest:

  • Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET
  • Henry Hub spot prices averaging $1.455, down 13.5 cents, per NGI’s MidDay Price Alert
  • June Nymex contract up fractionally at $1.984
  • Reported 92 Bcf injection for week ending April 19 fails to rattle traders

Despite the higher-than-expected build, which fell outside the pre-report range of expectations, the May Nymex contract managed to gain a few cents in late-morning trading after the EIA inventory data landed. Still, perhaps the...