• EIA prints a bearish injection of 71 Bcf into storage
  • LNG volumes recover, but pandemic injects India wildcard
  • Cash prices give up more ground amid mild weather

Natural gas futures on Thursday extended a losing streak to three days following a bearish government inventory report and absent new near-term catalysts for momentum.

The June Nymex contract settled at $2.925/MMBtu, down 3.9 cents day/day. July fell 3.7 cents to $2.991.

NGI’s Spot Gas National Avg. shed 4.5 cents to $2.690.

The U.S. Energy Information Administration (EIA) reported that utilities added 71 Bcf of natural gas to underground storage for the week ending May 14. The print missed expectations and immediately put downward pressure on futures. The prompt month remained in the red throughout Thursday’s...