• Exports bounce back, but EIA storage print disappoints
  • No new catalysts as markets await summer heat
  • Cash prices fall for a third straight day

Natural gas futures on Thursday extended a losing streak to three days following a bearish government inventory report and absent new near-term catalysts for momentum.

The June Nymex contract settled at $2.925/MMBtu, down 3.9 cents day/day. July fell 3.7 cents to $2.991.

NGI’s Spot Gas National Avg. shed 4.5 cents to $2.690.

The U.S. Energy Information Administration (EIA) reported that utilities added 71 Bcf of natural gas to underground storage for the week ending May 14. The print missed expectations and immediately put downward pressure on futures. The prompt month remained in the red throughout Thursday’s trading...