0928 ET - U.S. natural gas futures gain in early trading, while are still holding in a range under $3 per million British thermal units. "This apparent standoff between the bulls and the bears reflects short-term temperature outlooks that are only slightly skewed in a bullish direction," Ritterbusch & Associates says in a note. The weather-driven cooling demand isn't enough to offset an expected expansion in the storage surplus which could reach 200 Bcf, the firm adds. "But we are also leaving open the possibility of a significant tightening in supply next month if LNG exports can pick up again amid what could still prove to be an exceptionally hot summer." Nymex natural gas is up 1.3% at $2.903/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 09:28 ET (13:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.