The NYMEX July natural gas futures contract settled 7.5 cents lower at $4.584/MMBtu Thursday after a day of choppy trading as the market reacted to a record sixth straight triple-digit injection to US storage inventories. The US Energy Information Administration on Thursday reported a 113 Bcf injection to storage for the week that ended Friday, somewhat higher than the 107-111 Bcf expected by most analysts. The build was well above the 92 Bcf injection reported in the same week last year and the five-year average of 87 Bcf, and marked a record sixth straight week of 100 Bcf or higher injections. Article continues below… Gas Daily Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about complex state and federal regulations that affect competition in the gas industry. You will […]