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Commodities

Natural Gas Futures Hold Steady Ahead of EIA Storage Report

Guavy AI Editorial Team
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Natural Gas
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Natural gas futures remained near $3 as traders anticipated the weekly Energy Information Administration (EIA) storage report, due out on Thursday. The market expects a build in underground natural gas storage, with estimates ranging from 30-31 billion cubic feet.

Buyers stepped up early Thursday, pushing prices higher as they anticipate a bullish update from the EIA. Lower 48 fundamentals are mixed, but overall demand remains strong ahead of the winter heating season.

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