09:17 AM EDT, 08/14/2025 (MT Newswires) -- Natural gas traded at a nine-month low early on Thursday ahead of fresh storage data, pressured by cooling long-term forecasts that will lower demand.

Gas for September delivery was last seen down US$0.04 to US$2.79 per million British thermal units, the lowest since Nov.14.

The drop comes as long-term forecasts from the National Weather Service expect cooler than seasonal weather for the big markets of the upper Midwest and Northeast, cutting into heating demand and pressuring prices.

"In US natural gas, we do not write off the possibility that prices trade 10-20 cents lower on average for the rest of the quarter, resulting in our low scenario price being realized, as the market is very focused on bearish near-term fundamentals," Christopher Louney, a commodities strategist at RBC Capital Markets wrote.

The Energy Information Administration will release its weekly look at inventories of the fuel of the fuel stored for winter use. Celsius Energy is expecting a 59-billion cubic feet rise stocks, 26-bcf above the five-year average for the week.