Natural gas prices moved lower this week, with the prompt-month contract falling below $2.70 and the balance-of-summer strip testing multi-year lows near $3.00 amid weak near-term fundamentals and mild weather. A 50-Bcf storage build and broader energy market softness added pressure, but underlying trends point to tightening, with strong LNG exports, lower Canadian imports, and net supply running below year-ago levels. As summer demand ramps up, this could introduce upside risk despite the current soft pricing environment.
