Natural Gas is trading 3% down now at $2.65 as robust U.S. production and above-average storage inventories intensified bearish supply concerns.
- Lower 48 output was near record levels; storage saw a 36 Bcf injection, leaving inventories 198 Bcf above the five-year average.
- Reduced LNG feedgas flows and fading late-summer cooling demand added pressure.
- Broader markets were largely unchanged; the move appeared sector-specific, with no directly attributable corporate catalyst identified.