Natural gas futures news today highlights August contracts holding firm at $2.33 per MMBtu after yesterday’s rally. Technical resistance stands near $2.40, but momentum indicators remain bullish as Gulf Coast LNG cargo demand rises in anticipation of hurricane season disruptions. Higher US nat-gas production has recently been a bearish factor for prices. Earlier this month, the EIA raised its forecast for 2025 US nat-gas production by +0.2% to 106.63 bcf/day from August's estimate of 106.40 bcf/day. US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high. Natural gas forward prices mounted solid gains across the curve during the Sept. 24-Oct. 1 trading period as November took over the prompt month position and the market trained its sights on the heating season. 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.