Natural Gas News – July 11, 2025
Natural Gas News – July 11, 2025
Weather and Inventory Report Fuel Futures Rally Today
U.S. natural gas futures climbed Friday, supported by a bullish storage miss and hotter weather forecasts that triggered short-covering in oversold conditions. The market is attempting to hold above its pivot at $3.362, with traders eyeing the next objective at $3.574, although major resistance remains near the 200-day and 50-day moving averages clustered around $3.795-$3.800. The EIA reported a storage build of 53 Bcf for the week ended July 4, below expectations of 61 Bcf, signaling stronger demand and helping August Nymex natural gas settle higher by 3.83% on Thursday.… https://tinyurl.com/3h37n5d4
Rising Natural Gas Prices Face Cool Headwinds
The Energy Information Administration reported a 53 billion cubic feet rise in natural gas storage, short of the 62 Bcf expected but on par with the five-year average. This data nudged prices up for the second consecutive day. Supplies are strong, 6.1% above average, reflecting a trend of exceeding storage expectations. However, cooler-than-normal forecasts from the National Weather Service might curb demand, potentially capping further price hikes as reduced cooling needs are likely to temper natural gas support.… For more info go to https://tinyurl.com/2y76ts5t
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