🟢 Natural Gas is trading 3.2% up today on storage expectations and heatwave forecasts

Natural Gas is trading 3.2% up today at $3.33 on expectations of a below-average storage build and increased weather-driven demand.

• Forecasts for hotter weather are expected to lift power-sector gas demand, while traders anticipate a smaller-than-usual U.S. storage build.
• Supply risks stemming from Middle East transit disruptions are providing additional support, potentially increasing demand for U.S. exports despite mixed broader risk sentiment.