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:

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

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. This ran...