Texas Heatwave Fails to Boost Natural Gas Prices Amid High Storage Levels

Texas is experiencing a heatwave, but it's not having the expected impact on natural gas futures. The recent rally in prices has fizzled out due to the storage cushion.

Natural Gas Intelligence reports that despite the high demand for cooling during the heatwave, the storage levels remain high, which is weighing down the prices. This means that even though Texas is experiencing one of its hottest summers on record, the natural gas prices are not increasing as expected.

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