US natgas futures little changed as traders brace for storage report
U.S. natural gas futures were little changed on Thursday ahead of a weekly gas storage report expected to show a bigger-than-usual build, overshadowing support from forecasts for warmer weather. Front-month gas futures NGc1 for July delivery on the New York Mercantile Exchange traded flat at $2.33 per million British thermal units at 9:56 a.m. EDT. Data provider Refinitiv forecast the number of cooling degree days (CDDs) in the coming two weeks to rise to 167, above the 30-year normal of 149. CDDs measure the number of degrees a day’s average ...
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