Natural gas futures continued to plunge lower through midday trading Thursday as a larger-than-expected storage injection refocused the market’s attention on the post-winter supply glut. 

Here’s the latest:

  • May Nymex futures down 13.0 cents to $1.755/MMBtu as of 2:21 p.m. ET

A high-side injection miss from the U.S. Energy Information Administration’s (EIA) storage report Thursday added downward pressure on prices. The 24 Bcf injection EIA reported for the period ending April 5 left the surplus versus the five-year average flat week/week at 633 Bcf. “It is highly unlikely that surplus will evaporate during injection season, especially if crude oil prices rally, producers increase production and higher volumes of associated gas get stuffed into storage,” said Robert...