Working GAS IN Storage

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 under pressure as domestic fundamentals overpower overseas supply anxiety tied to the Strait of Hormuz. Freeport LNG maintenance, strong production and a 181 Bcf storage surplus are keeping sellers in control despite pockets of U.S. heat.