Natural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection.

At A Glance:

  • EIA posts 64 Bcf storage injection
  • Production lower on maintenance
  • Cooling demand dissipates rapidly

The October Nymex gas futures contract fell 12.3 cents day/day and settled at $2.610/MMBtu. November shed 8.1 cents to $2.840.

NGI’s Spot Gas National Avg. lost 7.5 cents to $2.095.

The U.S. Energy Information Administration (EIA) storage print on Thursday, covering changes to Lower 48 stocks during the week ended Sept. 15, landed at an increase of 64 Bcf. This was roughly in-line with expectations and lower than historical averages.

Analysts’ median estimates in polls ahead of the...