Natural gas futures found fresh footing Thursday, supported by a weekly storage report that slightly beat estimates and signs that the Freeport LNG export terminal may be preparing to restart its third train.

At A Glance:

  • EIA prints 9 Bcf withdrawal
  • Production falls to 100.8 Bcf/d 
  • Freeport LNG repairs closely eyed

The April Nymex contract rose 8.3 cents/MMBtu day/day to settle at $1.741. The contract traded across a range of $1.643 to $1.767.

NGI’s Spot Gas National Avg. rose 1.0 cent to $1.145 to halt a five-day losing streak. Leading gains were hubs in South Texas, the Northeast and the country’s midsection. West Texas led decliners, sinking further into the negative.

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