– EIA reported a modest withdrawal

EIA storage march 12

– Forecasts pointed to mild weather, weaker demand

– LNG volumes held strong

Natural gas futures fell further on Thursday — the 10th decline in the last 12 trading sessions — after a bearish storage report and forecasts that showed continued expectations for moderating heating demand.

The April Nymex contract settled at $2.481/MMBtu, down 4.7 cents day/day. May lost 4.4 cents to $2.511.

Diminished near-term weather demand also dragged cash prices lower. NGI’s Spot Gas National Avg. shed 1.0 cent to $2.430.