Natural gas price slips after EIA storage report as traders eye late-winter weather risk
U.S. natural gas futures slipped 0.5% midday Thursday after the EIA reported a 144 billion cubic feet storage withdrawal last week, in line with expectations. The March Henry Hub contract traded at $3.016 per mmBtu, down 1.5 cents. Storage now stands at 2,070 Bcf, 123 Bcf below the five-year average. Traders are watching weather forecasts, output, and LNG demand ahead of the next EIA report on Feb. 26.