The U.S. Energy Information Administration (EIA) reported an injection of 54 Bcf natural gas into storage for the week ended April 28. The result was essentially on par with expectations and failed to provide support for floundering Nymex natural gas futures.

At A Glance:

Natural gas futures floundered for a third consecutive session on Wednesday, dragged lower by weaker demand, rebounding production and expectations for robust storage injections. The June Nymex gas futures contract settled at $2.170/MMBtu on Wednesday, down 4.4 cents day/day. July declined 5.7 cents to $2.360.

The prompt month had dropped 19.6 cents over the course of trading Monday and...