The Energy Information Administration (EIA) reported a net 14 Bcf injection into natural gas storage for the week ending March 26, coming in slightly below market expectations and prematurely putting an end to the withdrawal season that traditionally runs through the end of March.

EIA storage March 26

The EIA figure included a 4 Bcf revision to the prior week’s report. The revision resulted in a 32 Bcf withdrawal, rather than a 36 Bcf draw, for the week ending March 19. The change occurred in the nonsalt facilities in the South Central region, where inventories reached 519 Bcf for the period.

Traders struggled to make sense of the latest data, with initial price momentum in Nymex futures after the EIA report quickly fading.

The Nymex May contract was trading a couple of cents higher day/day...