Natural gas futures fell for the first time in seven sessions on Thursday after a federal inventory report showed robust supplies and modest demand through the end of February. However, losses were modest, and analysts said another rally may soon commence amid signs of falling production, a bump in LNG demand and anticipated rounds of cold March weather.

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

The April Nymex gas futures contract on Thursday slipped 4.6 cents day/day and settled at $2.765/MMBtu. May shed 4.4 cents to $2.899.

NGI’s Spot Gas National Avg. rose 8.0 cents to $3.845.

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