Abundant U.S. supply and elevated storage levels are the dominant forces capping natural gas prices in August 2026. Record dry-gas production near 111 Bcf/d has outpaced demand, leaving working inventories on track for a record 3,985 Bcf by end-October—5% above the five-year average—per the latest EIA Short-Term Energy Outlook. Henry Hub spot and near-term futures (NGQ26) have traded in the $2.70–$2.85/MMBtu range amid this surplus, well below $3.00, despite supportive summer cooling demand from above-normal heat in the South and Midwest. Weekly EIA storage builds remain the key near-term catalyst, while sustained high output and limited LNG feedgas growth reinforce the bearish inventory backdrop through the shoulder season.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$31,580 Vol.
↑ $4.20
2%
↑ $4.00
3%
↑ $3.80
3%
↑ $3.60
4%
↑ $3.40
7%
↑ $3.20
14%
↑ $3.00
36%
↓ $2.60
46%
↓ $2.40
10%
↓ $2.20
2%
↓ $2.00
2%
↓ $1.80
1%
↓ $1.60
1%
$31,580 Vol.
↑ $4.20
2%
↑ $4.00
3%
↑ $3.80
3%
↑ $3.60
4%
↑ $3.40
7%
↑ $3.20
14%
↑ $3.00
36%
↓ $2.60
46%
↓ $2.40
10%
↓ $2.20
2%
↓ $2.00
2%
↓ $1.80
1%
↓ $1.60
1%
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
Only prices achieved during an applicable trading session of the specified timeframe's business days will be considered. The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours.
The active month changes at the start of the second trading session prior to that contract's last trading session, at which point the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month).
Per CME contract specifications for Natural Gas (NG) futures, the last trading day is defined as the third last business day of the month preceding the contract's delivery month.
For example, if the last business day of the month preceding the contract's delivery month is a Thursday, the last trading session is the session for the prior Tuesday, and the next listed contract becomes the active month at the start of the trading session for the Friday of the previous week (6:00 PM ET on Thursday), assuming a standard trading calendar.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high/low price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month Natural Gas futures "High" and "Low" prices available at https://pythdata.app/explore?search=NGD, with the chart settings configured for 1-minute candles. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Market Opened: Jul 25, 2026, 12:02 AM ET
Resolution Source
https://pythdata.app/explore?search=NGDResolver
0x65070BE91...Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
Only prices achieved during an applicable trading session of the specified timeframe's business days will be considered. The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours.
The active month changes at the start of the second trading session prior to that contract's last trading session, at which point the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month).
Per CME contract specifications for Natural Gas (NG) futures, the last trading day is defined as the third last business day of the month preceding the contract's delivery month.
For example, if the last business day of the month preceding the contract's delivery month is a Thursday, the last trading session is the session for the prior Tuesday, and the next listed contract becomes the active month at the start of the trading session for the Friday of the previous week (6:00 PM ET on Thursday), assuming a standard trading calendar.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high/low price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month Natural Gas futures "High" and "Low" prices available at https://pythdata.app/explore?search=NGD, with the chart settings configured for 1-minute candles. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Resolution Source
https://pythdata.app/explore?search=NGDResolver
0x65070BE91...Abundant U.S. supply and elevated storage levels are the dominant forces capping natural gas prices in August 2026. Record dry-gas production near 111 Bcf/d has outpaced demand, leaving working inventories on track for a record 3,985 Bcf by end-October—5% above the five-year average—per the latest EIA Short-Term Energy Outlook. Henry Hub spot and near-term futures (NGQ26) have traded in the $2.70–$2.85/MMBtu range amid this surplus, well below $3.00, despite supportive summer cooling demand from above-normal heat in the South and Midwest. Weekly EIA storage builds remain the key near-term catalyst, while sustained high output and limited LNG feedgas growth reinforce the bearish inventory backdrop through the shoulder season.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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