The Energy Information Administration (EIA) reported a modest 7 Bcf injection into natural gas storage for the week ending Nov. 5, triggering a steeper sell-off along the Nymex futures curve.

The EIA’s weekly inventory report was released at noon ET on Wednesday, one day earlier than normal because of the Veterans Day holiday.

Nymex futures prices were lower throughout the morning as weather forecasts continued to lack widespread cold across the country. In the minutes leading up to the EIA report, the December Nymex contract was trading about 6.0 cents lower day/day at around $4.92/MMBtu. As the print crossed trading desks, the prompt month slid to around $4.90 and by 12:30 p.m. was at $4.816, off 16.3 cents from Tuesday’s close.

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