Natural Gas Prices Gain on Near-Term Cooling Demand and Adequate Supply

Natural Gas Futures saw gains on Wednesday as traders welcomed near-term cooling demand and braced for updated storage data showing supply abundance.

The market is anticipating a healthy storage build, which could provide a boost to prices. However, the approaching autumn season may temper expectations, as production remains steady despite the recent heatwave.

Natural Gas Intelligence (NGI) forecasts an adequate supply of natural gas in the coming weeks, which could put pressure on prices. The market's focus will be on the upcoming storage data release, which is expected to show a surplus of gas in storage.