Choppy trading continued along the Nymex natural gas futures curve on Thursday, with steep losses accrued early in the session amid a broader decline in equities and commodity markets. The September contract managed to bounce later in the day, though, as traders mostly turned a blind eye to hugely bearish storage data. The prompt month settled at $3.830, off 2.2 cents day/day. October fell 2.2 cents to $3.844.

EIA storage Aug 13

Spot gas prices fell further, though losses were small outside of California. NGI’s Spot Gas National Avg. dropped 5.5 cents to $3.725.

Thursday’s trading action appeared all but certain early in the session. The September contract plunged as much as 11.8 cents from Wednesday’s close as fears that the Delta variant of the Covid-19 virus would stall the economic...