• BREAKING: U.S. EIA on Thursday reported an injection of 115 Bcf natural gas into storage for the week ending May 21
  • The June contract finishes Wednesday with 7-cent gain
  • Storms a wildcard for export volume

Natural gas futures on Wednesday built on the gains of a day earlier as a favorable shift in the weather-demand outlook offset expectations for a triple-digit storage injection with the federal government’s pending inventory report Thursday.

eia storage may 21

The June Nymex contract gained 7.1 cents day/day and rolled off the board after settling at $2.984/MMBtu on Wednesday. It had gained 2.7 cents on Tuesday.

The June contract hovered near the $3.00 level over much of its span at the front of the curve, but it fell short of breaking through and staying above that threshold.

July, which...