• BREAKING: U.S. EIA reports an on-target 192 Bcf withdrawal from natural gas storage inventories for the week ending Jan. 29
  • Natural gas futures slip further as weather models pull back demand
  • Cash starts to crumble outside of critical Northeast region

Natural gas futures slid further on Wednesday as weather models backed off the upcoming winter blast targeting the Lower 48. Some profit-taking also likely factored into the midweek pricing behavior, with the March Nymex contract slipping 5.6 cents day/day to $2.789. April fell 4.6 cents to $2.772.

EIA Storage Report

Spot gas started to retreat as well, though prices on the East Coast remained strong. NGI’s Spot Gas National Avg. dropped 20.5 cents to $3.545.

After such weighty gains in projected demand in recent weather models, some modest...