Natural Gas Futures Rise as EIA Storage Print Reduces Surplus
Natural gas futures rebounded as traders anticipated the latest U.S. Energy Information Administration (EIA) storage report, which is expected to show a smaller-than-average increase in domestic storage for the week ending August 11. Estimates suggest a 34 Bcf injection, tighter than the five-year average of 41 Bcf. This could help trim the current storage surplus.