Natural Gas Futures Rebound Ahead of EIA Storage Report

Natural gas futures rebounded on Wednesday after a sharp selloff on Tuesday, driven by persistent heat forecasts and positioning ahead of Thursday's US Energy Information Administration (EIA) storage report.

The recovery was led by the winter strip, which saw prices rise as traders reassessed their positions in the market. September natural gas futures extended their early Wednesday gains, buying back into the market following Tuesday's sharp selloff.

The EIA storage report is set to be released on Thursday, and its findings are expected to have a significant impact on the market. Traders are positioning themselves ahead of the report, which has contributed to the rebound in natural gas prices.