Traders Shrug Off Large Withdrawal as NatGas Futures Steady
A larger-than-expected drop in inventories to open the withdrawal season failed to spark a sustained rally in the natural gas futures market Thursday, although prices finished the day slightly higher. After probing both sides of even, the December Nymex contract ultimately settled at $2.567/MMBtu, up 0.8 cents. January added 1.1 cents to $2.622.