Although it isn’t a liquid, “drop in the bucket” is an apt description of energy traders’ reaction to a mildly encouraging bit of news about natural gas. Underground storage of the fuel fell by 48 billion cubic feet in the week ending Feb. 26, according to a report Thursday by the U.S. Energy Information Administration. That drop was about six billion more cubic feet than expected. Prices promptly fell anyway to a nearly 17-year low. And there could be more declines to come—perhaps into uncharted territory. The amount of gas remaining in reserve with just a month left in the unofficial “withdrawal season” is now a record 2.536 trillion cubic feet. That is nearly 50% more than the norm for this time of year. Without much heating demand remaining this winter , exacerbated by above-normal temperatures expected next week in the Northeast, storage will almost certainly end the season […]