September Contract Expiration Lifts Natural Gas Futures Amid Shoulder Season Shift
Natural gas futures are on the rise as traders anticipate the expiration of the September contract and adjust to shifting fundamental dynamics ahead of shoulder season. The September contract is nearing its end, prompting traders to reassess their positions.
The current production levels remain near 112 Bcf/d, while weather demand remains strong for now. NGI forecasts a storage injection of 23 Bcf. These developments have contributed to the upward momentum in natural gas futures.