AIR Conditioning Demand

Natural gas futures advanced after a smaller-than-expected EIA storage injection pointed to stronger demand from power burn and LNG feedgas. The market remains well supplied, but traders are responding to signs that the surplus is narrowing during a key summer period.

Natural gas prices enter a pivotal stretch with above-normal heat still supporting power burn across the central and eastern United States. Yet fading late-July temperature forecasts, storage concerns and El Niño-linked winter expectations continue to keep downside risks in focus.