Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels.

The December Nymex contract ultimately dipped lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.

The prompt month had gained about 17 cents over the two previous days, thanks to colder turns in weather forecasts. Wednesday’s close had marked the first settlement above $3.00 in seven sessions.

NGI’s Spot Gas National Avg. climbed 8.0 cents to $2.665 on Thursday, extending its win streak to four days, led by gains in the Northeast.

The weather outlook improved for a third straight day in terms of gas-weighted degree days (GWDD)....