Natural Gas is trading 3.09% down at $2.73 after bearish U.S. fundamentals outweighed recent heat-driven demand.
- High production, comfortable storage, and moderating late-August weather forecasts added downward pressure.
- August 20 EIA storage report was scheduled for 10:30 a.m. EST, with expectations for a 14 Bcf injection versus a 29 Bcf five-year average.
- European supply disruptions and low storage remained supportive globally, but EU storage was 61% full as of August 19, while LNG cargoes increasingly diverted toward Asia.