The Energy Information Administration (EIA) reported a 59 Bcf withdrawal from natural gas storage inventories for the week ending Nov. 26, which included the Thanksgiving holiday.

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The draw was nearly dead on with estimates ahead of the EIA report, but much steeper than historical pulls. This initially helped to maintain a modest boost seen along the natural gas futures curve early Thursday, but it failed to spur any additional excitement.

After plunging more than $1 over the prior three sessions, the January Nymex contract was trading about a penny higher day/day at around $4.270/MMBtu ahead of the EIA report. The prompt month then popped up to $4.285 as the EIA print crossed trading desks. However, by 11 a.m. ET, it was at $4.254, down four-tenths of a cent from Wednesday’s...