Natural gas futures on Thursday could not break out of a narrow range of gains and losses following a benign government inventory report and ongoing fallout from the ransomware attack on a major pipeline that is vital to the East Coast.

EIA storage may 7

The June Nymex contract crept in and out of the green throughout trading Thursday and ultimately settled at $2.973/MMBtu, up four-tenths of a cent day/day. July inched ahead seven-tenths of a cent to $3.025.

NGI’s Spot Gas National Avg. shed 3.5 cents to $2.670.

The U.S. Energy Information Administration (EIA) reported an injection of 71 Bcf natural gas into storage for the week ended May 7. The agency posted an implied flow of 75 Bcf – on par with expectations – but it reclassified the amount of working gas in storage previously by 4...