# Natural Gas Futures Extend Rally; No LNG Impacts Observed After Houston Hit by Storms

> US natural gas futures extended gains as a 70 Bcf storage injection for the week ending May 10 came in below expectations and was tighter than historical norms. Wood Mackenzie said balances had flipped to much tighter than earlier in the season. Forecasters also expected above-normal temperatures in Texas and the East, and Houston storms had no impact on LNG.

- Date: 2024-05-17 · published 2024-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30464-natural-gas-futures-extend-rally-no-lng-impacts-observed-after-houston-hit-by
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight storage and expected heat support higher summer gas prices, which raise energy costs for US processors. Tighter balances going into peak cooling season reinforce the bullish price trend.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-extend-rally-no-lng-impacts-observed-after-houston-hit-by-storms/

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