With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of a cent day/day.

storage Oct. 7

Spot gas prices took another nosedive, sending NGI’s Spot Gas National Avg. down 27 cents to $5.445.

With pleasant fall weather expected to stick around for another few weeks at least — and storage inventories set to swell further because of it — there’s not a lot to get excited about in the domestic market. This was made clear on Thursday after the latest Energy Information Administration (EIA)...