Natural gas futures traded lower Thursday after a meager storage result confirmed seasonally weak demand but no upside surprises for recent production cuts.

At A Glance:

  • EIA reports 40 Bcf withdrawal
  • Output steady at 101.5 Bcf/d
  • Northwest to cool this weekend

The April Nymex gas futures contract settled at $1.818/MMBtu, down 11.1 cents day/day. 

NGI’s Spot Gas National Avg. fell 10.0 cents to $1.470 as prices fell across most regions.

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The warmest U.S. winter on record has capped demand for natural gas this heating season, a trend that...