The U.S. Energy Information Administration (EIA) reported an injection of 71 Bcf natural gas into storage for the week ended May 7. The print came in near expectations and failed to boost Nymex natural gas futures.

EIA storage may 7

While it was warmer than normal over much of the United States during the covered week, cooler temperatures across the Upper Midwest and parts of the Northeast fueled late-season heating demand and curbed injections modestly, NatGasWeather said.

EIA announced an implied flow of 75 Bcf. However, EIA reclassified the amount of working gas in storage previously by 4 Bcf, resulting in the net 71 Bcf print.

The result compared favorably to the five-year average build of 82 Bcf and the year earlier injection 104 Bcf. It was roughly on par with the median estimates...