🟢 Natural Gas is trading 1.6% up today on smaller-than-expected storage build and heat forecasts

Natural Gas is trading at $3.33, up 1.6%, following a series of bullish fundamental signals that have tightened the market outlook.

• Traders are reacting to a smaller-than-expected U.S. EIA storage injection that has tightened near-term balances.
• Forecasts for warmer-than-normal U.S. weather are expected to boost power-burn demand for gas-fired electricity.
• Geopolitical risks surrounding the Strait of Hormuz continue to add a modest risk premium to gas and other energy contracts.