Despite Stout Storage Draw, Milder March Forecasts Pressure Natural Gas Futures Lower

Nymex natural gas futures retreated from two-year highs on Thursday as market participants looked past a bullish gas inventory report to milder weather forecasts for early March.

At A Glance:

• EIA prints 196 Bcf withdrawal
• Supply freeze-offs at 6-7 Bcf/d
• Cold to ease into weekend