Natural Gas Futures Rebound on Heat Forecasts, Storage Report Looms

Natural gas futures have rebounded after Tuesday's sharp selloff as traders reassess their positions ahead of Thursday's US Energy Information Administration (EIA) storage report. Persistent heat forecasts are underpinning sentiment, with September natural gas futures extending their early Wednesday recovery.

The winter strip is leading gains in the market, with prices rising due to anticipation of increased demand during the colder months. The EIA storage report is expected to provide key insights into the current state of natural gas inventories, which will influence trading decisions.