U.S. natural gas futures are steady in early trade with the market focused on summer weather and power-sector use. "Near-term weather-driven demand has eased from last week's highs, leaving traders without much new fundamental direction," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "Until forecasts show another sustained stretch of major heat, or storage data begins to materially tighten the balance, price action is likely to remain choppy and contained." Nymex natural gas is flat at $3.245/mmBtu. (anthony.harrup@wsj.com)
Dow Jones Newswires
U.S. Natural Gas Futures Stay Rangebound — Market Talk
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U.S. natural gas futures are steady in early trade with the market focused on summer weather and power-sector use. "Near-term weather-driven demand has eased from last week's highs, leaving traders without much new fundamental direction," Andy Huenefeld of Pinebrook Energy Advisors says in a note…