NG Futures Rebound Amid Power Burn and LNG Demand
Natural gas futures rebounded around midday on Monday after reversing an early sell-off, while physical prices were mixed.
Strong power burn and liquefied natural gas (LNG) feedgas supported prices even with elevated Lower 48 production levels.
The October contract price jumped above $2.90 after initially falling below that level.
The NGI models estimate a 31 Bcf storage build for the week.