Natural Gas Futures and Prices Fluctuate Amidst Record-Low Withdrawals and Mild Weather.

May natural gas futures fell on Thursday after a bearish storage print confirmed supply/demand imbalance concerns heading into shoulder season. The May Nymex gas futures contract lost 8.0 cents day/day and settled at $2.104/MMBtu. Production held above 100 Bcf/d on Thursday, as it has throughout the trading week and much of 2023. National Weather Service forecasts, meanwhile, continued to show increasingly benign conditions heading into April. Mild weather and robust output have kept inventory data in check throughout the first quarter of this year.