Natural Gas Futures Retreat Amid Benign Weather Forecasts

Natural gas futures retreated on Monday as supply readings came in healthy and forecasts suggested benign weather through September and into early October.

At a glance, the market outlook is looking less demanding, with production near 112 Bcf/d and gas in storage above average. This combination of factors led to a pullback in natural gas futures prices on Monday.

The shift in weather forecasts has reduced concerns about a surge in demand for natural gas, which had been driving up prices in recent weeks. Now, the focus is back on the ample supply and storage levels, which are likely to keep prices in check through at least early October.