October natural gas futures stayed below a key psychological support level Thursday after a U.S. Energy Information Administration (EIA) storage report met expectations, reinforcing bearish sentiment. With demand and production forecasts considered, end-of-season inventories near 4.0 Tcf remained in play.
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At a Glance:
- October futures down 9.5 cents
- EIA reports 71 Bcf storage build
- LNG feed gas flounders