Natural gas futures found fresh footing after the latest government inventory report indicated further progress toward supply/demand balance and a key export facility showed signs of bouncing back from an unplanned interruption.

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

Coming off a 6.3-cent decline the prior session, the October Nymex gas futures contract on Thursday gained 2.8 cents day/day and settled at $2.708/MMBtu.  

NGI’s Spot Gas National Avg. shed 2.0 cents to $2.425.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 57 Bcf natural gas into...