The Energy Information Administration (EIA) reported another 59 Bcf withdrawal from natural gas storage inventories, this time for the week ending Dec. 3.

The pull was in line with consensus, leaving natural gas traders largely unimpressed. Futures prices had waffled in and out of positive territory early Thursday, and the January Nymex contract was off only seven-tenths of a cent at $3.808/MMBtu ahead of the EIA report. 

As the print crossed trading desks, the prompt month popped up to $3.836, but by 11 a.m. ET it was back at $3.796, down 1.9 cents.

Speaking on The Desk’s online energy chat Enelyst, managing director Het Shah said, “Not much price action. Traders must be exhausted.”

Indeed, after two weeks of large price swings, mostly to the downside, the gas...