The Energy Information Administration (EIA) reported a 97 Bcf injection into natural gas storage inventories for the week ending June 3.

Futures prices bounced a bit despite the on-target build. Ahead of the EIA report, the July Nymex gas futures contract was trading more than 50.0 cents lower day/day at $8.186/MMBtu. As the print crossed trading desks, the prompt month popped back up to $8.263. By 11 a.m. ET, July sat at $8.506, off 19.3 cents from Wednesday’s close.

Participants on The Desk’s online energy chat Enelyst said there was risk to the high side in the latest storage data. As such, that’s likely why prices found some legs after the data was published.

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