The U.S. Energy Information Administration (EIA) on Thursday printed a 95 Bcf increase in natural gas storage for the week ended June 16. The result exceeded market expectations and historical averages, pressuring Nymex natural gas futures.

Ahead of the 10:30 a.m. ET government report, the July futures contract was trading in a narrow range of gains and losses. About 15 minutes before the federal data crossed the wires, it was up a half-cent at $2.602/MMBtu.

The prompt month fell to $2.581 when the EIA assessment was released. After a half-hour of post-report trading, it was down 3.6 cents to $ 2.561.

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