1310 ET - U.S. natural gas futures move lower after testing resistance around $3 per million British thermal units. Prices retreated following the EIA's weekly storage report showing inventories posting a third consecutive below-average build for last week, with the 30 Bcf injection landing in line with market expectations. "The failure to breach resistance against the backdrop of an 'as-expected' storage report seems to have sapped some of the market's bullish sentiment," Andy Huenefeld of Pinebrook Energy Advisors says in a note. Front-month Nymex gas is off 0.5% at $2.942/mmBtu after falling as low as $2.885.
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