April Nymex natural gas futures turned higher on its final day as the lead contract Thursday despite a loosening supply and demand balance signaled by an anticipated storage injection reported by the U.S. Energy Information Administration (EIA).

Natural Gas Intelligence's (NGI) U.S. Energy Information Administration natural gas storage chart.

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At A Glance:

EIA reports 37 Bcf storage buildFutures sink in knee-jerk responseReversal higher reflects underlying support