• Futures could not break out of a narrow range of gains and losses
  • EIA reported an injection of 71 Bcf natural gas into storage
  • Cash prices fell for a third straight day

Natural gas futures on Thursday could not break out of a narrow range of gains and losses following a benign government inventory report and ongoing fallout from the ransomware attack on a major pipeline that is vital to the East Coast.

EIA storage may 7

The June Nymex contract crept in and out of the green throughout trading Thursday and ultimately settled at $2.973/MMBtu, up four-tenths of a cent day/day. July inched ahead seven-tenths of a cent to $3.025.

NGI’s Spot Gas National Avg. shed 3.5 cents to $2.670.

The U.S. Energy Information Administration (EIA) reported an injection of 71 Bcf natural gas into storage for...