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Morning Natural Gas Market Report

September natural gas traded lower during the early morning hours, as they challenged yesterday's low. While natural gas has bounced above $4.00 in recent sessions, it is probably reserved ahead of this morning's EIA storage report. Street expectations are for a modest, 36 bcf injection, which matches last year's injection and the 5 year average. The latest 6 to 10 day weather maps forecast a widening zone of warmer temperatures toward the upper-east US. At the same time, storm activity has picked up quite a bit over the past day, with the National Hurricane Center following 4 low pressure systems in the Atlantic. This is likely to be closely followed, as the peak hurricane season approaches.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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