The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 57 Bcf natural gas into storage for the week ended Sept. 8. The result came in at the high end of expectations but well below historic averages, leaving the market to mull its implications.

At A Glance:

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

On Wednesday, prompt-month natural gas futures fell for the first time in five sessions amid export uncertainty, cooling weather and the specter of hurricane conditions dropping temperatures further on the East Coast.

The October Nymex natural gas futures contract on Wednesday settled at $2.680/MMBtu, down 6.3 cents day/day. November lost 2.8 cents to $2.987.

NGI’s Spot Gas National Avg. fell 4.5 cents to...