Lower 48

Natural gas futures recovered from Friday’s low as short-covering helped November reclaim the $3.00 area. Still, mild shoulder-season demand, elevated production and a comfortable storage cushion leave the broader market tilted toward sellers.

Natural gas futures advanced as hotter weather forecasts and a smaller-than-expected storage injection pointed to stronger summer demand. Still, record Lower-48 production and steady associated gas flows continue to limit bullish momentum.

Natural gas futures remain capped as a near-consensus storage build and elevated inventories blunt the impact of hotter weather. Texas power demand is supportive, but buyers may need stronger heat across the Midwest and East, steadier LNG flows, and fewer storm risks before momentum can shift.