• BREAKING: U.S. EIA reports withdrawal of 36 Bcf from natural gas storage for the week ending March 19, steeper than market expectations
  • On Wednesday, April Nymex contract climbed 1.0 cent day/day and settled at $2.518/MMBtu

Natural gas futures on Wednesday gained ground for the third time in four sessions amid steady demand for U.S. liquefied natural gas (LNG) and concern about delayed export deliveries after a huge container ship was grounded in the Suez Canal.

EIA storage march 19

The April Nymex contract climbed 1.0 cent day/day and settled at $2.518/MMBtu. May followed suit, advancing 1.4 cents to $2.568. Each had tumbled a day earlier after a two-day winning streak.

NGI’s Spot Gas National Avg. shed 2.5 cents to $2.295.

Strong European and Asian demand for U.S. exports has kept LNG...