Natural gas futures rallied on Thursday after the latest government inventory data proved bullish relative to historical norms and expectations. However, trading lost momentum by early afternoon amid a round of profit-taking.

Natural Gas Intelligence's (NGI) Waha midday natural gas price graph showing historical market volatility.

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Here’s the latest:

  • November Nymex gas contract down 5.0 cents to $3.426/MMBtu as of 2:20 p.m. ET