U.S. natural gas futures traded modestly higher on Wednesday, with traders awaiting the Energy Information Administration’s weekly inventory report. The report, expected to show a decline in stored natural gas, is a key focus for the market.

Meanwhile, attention is also being paid to Tropical Storm Bertha, which is currently moving along the Louisiana coast and is forecast to make landfall in Texas. The storm's path and potential impact on production facilities could influence future prices.

Analysts are closely monitoring these factors to gauge the short-term direction of natural gas prices. The EIA report will provide crucial data on supply levels, while the tropical storm introduces an element of weather-related uncertainty.