Natural gas futures bounced modestly higher on Wednesday following three straight sessions of steep losses. The November 2026 NYMEX contract gained 2 cents to settle near $3.03 per MMBtu, while Winter 2026-27 added 4 cents to finish around $3.27. Summer 2027 increased by 3 cents to $2.98 per MMBtu, with smaller gains extending further out the curve. Despite the rebound, November remains down 13 cents from a week ago, while Winter 2026-27 is still lower by 11 cents and Summer 2027 by 5 cents.
There was little in the way of a fresh fundamental catalyst behind the move, making Wednesday’s gains look more like a pause in the recent selloff than the start of a meaningful change in direction. Temperature patterns are expected to be unsupportive across the coming weeks, and storage injections are poised to continue ramping.
Attention now turns to Thursday morning’s EIA storage report, with analysts expecting a 64-Bcf injection for the week ended September 25. That would come in slightly below the five-year average build of 68 Bcf and well below last year’s 80-Bcf injection, extending the recent stretch of relatively tight storage builds.
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