Natural gas futures fell on Wednesday in the wake of demand destruction imposed by Hurricane Ian and another stout storage injection. The November Nymex gas futures contract, debuting as the prompt month, lost 8.1 cents day/day and settled at $6.874 /MMBtu. December shed 5.8 cents to $7.142.

At A Glance:

  • EIA prints 103 Bcf storage print
  • Massive storm dampens demand
  • Production holds near record level

NGI’s Spot Gas National Avg. fell 17.5 cents to $5.130.

After hammering the west coast of Florida late Wednesday as a Category 4 hurricane, Ian barreled across the Sunshine State on Thursday as a tropical storm. It left millions of people without power, according to state officials. The storm delivered punishing winds, massive storm surges, torrential rains and widespread...