March gas futures fell 1.5% Thursday to the upper $2.80s per million Btu following a bullish storage report that missed expectation by 10 billion cubic feet

摘要

However, the report eclipsed the five-year average withdrawal and last year’s pull (Briefly noted). The market is focusing more on where storage will exit winter and less on the polar vortex that is bringing extreme cold to much of the US and driving daily prices to double-digit highs in some markets. It also pushed the contract over $3 early in the session, though March gas fell back on the reality that even huge storage withdrawals in February would not create an overly bullish spring scenario.