Natural gas futures ended a volatile week on a positive note Friday, despite struggling to gain significant momentum throughout the day. The market saw a late-afternoon surge that pushed prices into the green, as bears gradually loosened their grip on fundamentals.
The week was marked by topsy-turvy trading, with hints of heating demand providing some support. However, production levels remained lower than expected, contributing to the uncertainty.
Storage levels were noted to be at a surplus of 1.4%, adding another layer of complexity to the market dynamics. The EIA storage report and LNG exports were among the key factors influencing trading.