The Energy Information Administration reported a 61 Bcf injection into natural gas storage inventories for the week ending Aug. 26, in line with expectations ahead of the report.

After a softer start to Thursday’s session, Nymex natural gas futures recovered ahead of the latest government inventory data. The October contract was trading about 14 cents higher day/day at $9.267/MMBtu in the minutes leading up to the EIA’s 10:30 a.m. ET report. 

As the print crossed trading desks, the prompt month plummeted back to $9.178. By 11 a.m., however, undeterred bulls bought the dip and had lifted October gas back to $9.331, up 20.4 cents from Wednesday’s close.

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