New England Leads Gains as Natural Gas Prices Diverge Ahead of EIA Storage Report

Natural gas prices saw divergent movements on Wednesday ahead of the US Energy Information Administration's (EIA) storage report, due out on Thursday. New England and California led the gains, while benchmark Henry Hub weakened.

New England posted the strongest gains, with physical natural gas prices increasing for Thursday flow. This was in contrast to the rest of the market, where benchmark Henry Hub saw a decrease in prices ahead of the EIA storage report.

The EIA storage report is set to be released on Thursday and will provide insight into the country's energy storage levels. The report's findings are expected to have a significant impact on natural gas prices, with any surprises potentially leading to market volatility.