Nymex natural gas futures were trading down sharply after the U.S. Energy Information Administration (EIA) on Thursday reported two weeks’ worth of natural gas storage data that landed bearishly outside expectations. EIA reported a net withdrawal of 6 Bcf of natural gas from storage in the week ended Nov. 3, lower than expected, and an injection of 60 Bcf in the week ended Nov. 10, which came in above estimates.

Ahead of the 10:30 a.m. ET report, December Nymex futures were trading 2.8 cents lower at around $3.162/MMBtu. After the EIA print hit the screen, the contract traded as low as $3.028. By 11 a.m. ET, the November Nymex contract was trading at $3.080, 11.0 cents lower than the prior day’s close.

Traders were on edge before the unusual doubled-up print. EIA reported...