• BREAKING: U.S EIA reports natural gas storage for the week ended March 5 declined by 52 Bcf, a reduction that fell short of expectations
  • NGI’s Spot Gas National Avg. eked out a 1.5-cent gain to $2.485 on Wednesday, snapping a four-day losing streak amid comfortable spring temperatures

Natural gas futures avoided falling further into the red on Wednesday despite expectations for a modest storage withdrawal and forecasts that called for continued mild weather and light heating demand.

EIA storage March 5

The April Nymex contract settled at $2.692/MMBtu, up 3.0 cents day/day. The prompt month had declined the five previous trading sessions. May advanced 3.2 cents on Wednesday to $2.728.

NGI’s Spot Gas National Avg. eked out a 1.5-cent gain to $2.485, snapping a four-day losing streak amid...