Natural gas futures treaded lightly throughout Thursday’s session as traders weighed a seasonally weak storage result against continued signs of a pullback among producers. 

At A Glance:

  • EIA reports 96 Bcf withdrawal
  • Output slips below 102 Bcf/d
  • Weather demand set to fade

Following a three-day rally, the April Nymex gas futures contract ultimately settled at $1.860/MMBtu on Thursday, down 2.5 cents day/day.

NGI’s Spot Gas National Avg. fell 9.0 cents to $1.480.

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Wood Mackenzie estimates showed production just shy of 102 Bcf/d. Output was still up...