🟢 Natural Gas is trading 4.03% up today as hotter Southern U.S. weather lifts cooling demand

Natural Gas is trading 4.03% higher at $3.28 after hotter Southern U.S. weather raised cooling-driven power demand expectations.

• The September 23 close was $3.02, making the current move a continuation of the recent rally.
• Stronger LNG feedgas demand forecasts and restricted Qatari cargoes are encouraging buyers toward U.S. supply.
• The September 24 EIA storage release is expected to show a 50 Bcf build, versus 44 Bcf previously reported.