The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf of natural gas into storage for the week ended Nov. 24. The result landed above expectations and sent Nymex natural gas futures lower.

At A Glance:

The January natural gas futures contract stumbled out of the gate on its first day as the front-month Wednesday, tripped up by stubbornly warm forecasts for early December and bears sticking to their oversupply views a day before the government’s weekly storage report.

The January Nymex natural gas futures contract settled at $2.804/MMBtu, down 3.3 cents day/day. February fell 2.9 cents to $2.769.

NGI’s Spot Gas National