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Winter Strip Outshines Listless August Futures as Natural Gas Market Looks Past Injection Season


Prompt month natural gas futures scratched and clawed their way to their first weekly gain since June 18, in contrast to double-digit gains for the November-March slate of contracts.

Historical Lower 48 natural gas storage inventory chart compares 2026, 2025 and the five-year average using EIA data.

At a Glance:

  • August futures post fourth week of declines
  • Forecasts ‘hotter than normal’
  • Market ‘pretty well supplied’



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