The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 117 Bcf of natural gas from storage for the week ended Dec. 1. The draw proved steeper than most expectations but within wider ranges.

At A Glance:

Natural gas futures tanked at midmorning Wednesday after news of the delayed completion of a major LNG export facility accelerated earlier losses driven by healthy production and lackluster weather-related demand.

The front-month natural gas futures contract settled down 14.1 cents at $2.569/MMBtu. The contract climbed to an early $2.757 intraday high before crashing through critical $2.649 support to an intraday low of $2.541. February natural gas...