November Nymex natural gas futures swung in a 15-cent range Thursday before ultimately finishing the day exactly where they started. After government data showed an on-target storage report, the prompt month went on to settle Thursday flat at $2.527. December, however, fell 5.5 cents to $3.062.

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The stability at the front of the Nymex curve came despite continued weakness in the cash market, where NGI’s Spot Gas National Avg. fell 21.5 cents to $1.310.

After weeks of erratic price behavior, November futures settling the day unchanged may be a bit surprising to market observers. That could be because traders were still trying to digest the latest Energy Information Administration (EIA) storage report. The EIA recorded a 76 Bcf injection into inventories for the week ending Sept....