The U.S. Energy Information Administration (EIA) reported an injection of 99 Bcf natural gas into storage for the week ended May 12. The result came in well below median estimates and bolstered Nymex natural gas futures.

At A Glance:

  • BREAKING: U.S. EIA prints 99 Bcf injection
  • Front month sheds a penny Wednesday
  • Wildfire situation ‘dynamic’

The June Nymex futures contract was up 1.7 cents at $2.382/MMBtu prior to the 10:30 a.m. ET inventory report. The prompt month jumped to $2.465 – up 10.0 cents – when the EIA data was released. By around 11 a.m., it was ahead 14.6 cents to $ 2.511.

Natural gas futures on Wednesday finished in the red for the first time in four sessions as traders braced for several robust storage injections amid mild weather and soft export demand. The...