# Natural Gas Futures Float in Narrow Range Ahead of Long Weekend — MidDay Market Snapshot

> US natural gas futures traded in a narrow range on Friday ahead of the Labor Day weekend, with the October contract near $2.12/MMBtu. The EIA reported a 35 Bcf storage injection for the week ended Aug. 23, below the five-year average of 43 Bcf. Production was around 102 Bcf/d, and forecasts pointed to easing weather demand.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29000-natural-gas-futures-float-in-narrow-range-ahead-of-long-weekend-midday-market
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A modest storage surplus and steady output keep US gas prices range-bound, which has little direct effect on feed commodity prices.

## Read by commodity

- NATGAS: neutral

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-float-in-narrow-range-ahead-of-long-weekend-midday-market-snapshot/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.