Weather Forecasts

WTI and Brent moved away from recent lows as traders weighed OPEC+ expectations, U.S. inventory data and geopolitical risk. Natural gas also rebounded from session lows while traders watched weather forecasts and prepared for the EIA storage update.

Natural gas futures lost momentum after a weather-driven rally failed to hold, with strong production and comfortable storage continuing to cap upside attempts. Traders are watching LNG feed gas, the next EIA storage update, and price action around the 50-day moving average for the next directional signal.