Storage Draw Expectations
Analysts are projecting a massive storage draw for the upcoming EIA report, potentially exceeding 200 Bcf. This anticipation is keeping a floor under prices despite the volatility seen earlier in the week.
Production Freeze-Offs
Lingering cold in production basins continues to hamper output. Freeze-offs in the Bakken and Rockies are removing approximately 1 Bcf/d from the market, tightening the supply-demand balance.