Natural gas futures eke out small gain after EIA prints larger-than-expected build

EIA Natural Gas Storage Report

Containment still a risk with two-plus months in the injection season

Cash rallies in California, producing regions amid scorching summer heat

The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural gas futures only 3.0 cents higher day/day at $2.182. October climbed 2.7 cents to $2.324.

Spot gas prices were mostly higher except on the East Coast, resulting in a 7.5-cent increase for NGI’s Spot Gas National Avg. to $2.065.

After a string of small injections, the gas market was eagerly awaiting the Energy Information Administration’s (EIA) latest storage report, as the reference period...