Natural gas futures hovered in a narrow but positive range to launch trading Wednesday, with bulls focused on late August heat, lower production, and forecasts for an anemic storage print.
Following a 4.1-cent loss the prior session – the first decline in six days -- the September Nymex gas futures contract was up 3.6 cents to $2.184/MMBtu as of about 8:40 a.m. ET.
NatGasWeather said national demand would likely be “moderate” through the current trading week “due to comfortable temperatures across much of the northern half of the U.S.” Yet the southern half of the country “will be very warm to hot with highs of 90s-100s.”
