Futures Volatile Amid Storage Surplus and Mixed Demand Outlook
Natural gas futures were volatile on Friday as traders grappled with a storage surplus and mixed demand outlook.
The market was sizing up the healthy storage print, which came in at 6.4% above average, according to NGI's Daily Gas Price Index.
However, heat forecasts for August were firming, which could boost demand, but LNG flows were still recovering from recent outages, causing uncertainty.