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Natural Gas Futures Hover Near $3 Ahead of EIA Storage Report

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Natural Gas
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Natural gas futures hovered near $3 on Thursday as market participants awaited the weekly Energy Information Administration (EIA) storage report.

The market is anticipating a bullish update, with buyers stepping up early in the day to take positions ahead of the release.

At this time, market expectations are for a 30s Bcf injection, but NGI sees a more significant 31 Bcf storage build. Lower 48 fundamentals remain mixed, adding complexity to the market's predictions.

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