The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 80 Bcf natural gas into underground storage for the week ended May 20. The result fell short of market expectations and historic averages, driving Nymex natural gas futures higher.

Ahead of the print, the June contract was up 13.1 cents at $9.124/MMBtu. The prompt month jumped to around $9.200 when the EIA data was released at 10:30 ET.

By 11 a.m. ET, the June contract was at $9.189, ahead 19.6 cents from the prior day’s close.

[Inside the Political Firestorm: NGI sits down with Neil Chatterjee, a former FERC chairman and commissioner, to discuss the impacts of President Biden’s LNG pause on authorizing new liquefied natural gas export projects in the U.S. Tune into NGI’s Hub & Flow...