Gas Futures Plummet Below $3 Amid Storage Report Expectations
Natural gas futures prices slipped below $3.000/MMBtu on Thursday morning, surrendering overnight gains in a swift sell-off ahead of the weekly storage injection report.
Traders are awaiting the release of data on natural gas storage levels, which is expected to show a 53 Bcf build, although output has fallen by 4 Bcf/d week/week and power burn continues to slide.