Natural gas prices were little changed on the week, as a brief rally driven by global LNG disruption headlines quickly faded and the front of the curve remained rangebound. The market posted its first injection of the season, reinforcing a comfortable inventory position, while a short-lived cold snap had only a modest and temporary impact on demand and production. Overall, near-term fundamentals remain balanced, though strength further out the curve continues to reflect sensitivity to ongoing global supply risks.
