In today’s natural gas futures news, May delivery traded at $2.31 per MMBtu, up nearly 2% intraday. Traders note that storage data from EIA showing a weaker injection rate is adding fuel to bullish momentum. Options activity is heavy on call side strikes at $2.50, hinting at expectations for further price lifts. A second agreement outlines collaboration on nuclear energy, with Siemens providing its steam turbine and generator technology for an expected four Westinghouse AP1000 reactors. Market participants ignored a pipeline-driven blip in supply and instead eyed lackluster demand outlooks for early October as natural gas futures slid on Friday. Natural gas futures news reveals January contracts outperforming, up 3.1% at $2.55 per MMBtu. Traders link this to updated NOAA models predicting colder than average conditions for core demand regions, bolstering expectations for increased heating fuel consumption.
