• After some hiccups earlier in Thursday’s session, natural gas futures managed to finish in the red for a fifth straight trading day as traders digested another massive storage injection. The November Nymex gas futures contract settled at $5.358/MMBtu, down 10.4 cents on the day. December slid 9.0 cents to $5.838.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Spot gas prices continued to tumble amid warmer air across the Lower 48. NGI’s Spot Gas National Avg. plunged 58.0 cents to $4.630.

After shedding nearly $1.30 over the prior four sessions, Thursday’s government inventory data was seen as key to whether bears would maintain their grip on the market, or relinquish control to bulls who have struggled to gain much...