Natural Gas is trading 5.9% up at $3.18 as hotter U.S. weather forecasts boost power-sector demand, offsetting a larger-than-expected EIA storage injection of 96 Bcf.
- Prices are currently testing a key support/resistance band between $3.14 and $3.25 as volatility stays elevated around multi-week highs.
- Market strength is further supported by recent declines in production, even as inventory builds top initial forecasts.