• BREAKING: U.S. EIA on Thursday reported an injection of 35 Bcf into storage for the week ending August 28
  • Futures see-sawed between gains and losses as Laura’s destruction weighed on markets
  • Spot prices advanced as heat continued to permeate swaths of the Lower 48

Natural gas futures waffled between gains and losses on Wednesday as Hurricane Laura’s destruction and still anemic U.S. liquefied natural gas (LNG) exports continued to weigh on markets. After falling more than 8 cents early, the prompt month climbed back into positive territory before midday following estimates for a modest storage build that could ease concerns about fall containment challenges. Futures, however, failed to finish in the green.

EIA Storage 0930

The October Nymex contract settled at $2.486/MMBtu, down 4.1 cents...