Natural gas futures reversed early day gains Thursday to fall for a fifth consecutive session after the weekly storage report printed a build that landed at the high end of expectations. The January Nymex natural gas futures contract settled at $2.802/MMBtu, down two-tenths of a cent day/day. February fell six-tenths of a cent to $2.763.

At A Glance:

  • EIA prints 154 Bcf withdrawal 
  • Warmth to follow weekend cold
  • Production nears 98 Bcf/d

Spot gas prices, meanwhile, broadly fell across all regions Thursday ahead of warmer weather into the weekend. NGI’s Spot Gas National Avg. lost 31.0 cents to $2.860.

The U.S. Energy Information Administration (EIA) storage print on Thursday, covering changes to Lower 48 stocks during the week ended Nov. 24, landed at an increase of 10 Bcf....