1448 ET - U.S. natural gas futures give up early gains with the March contract falling 6.4% to go off the board at $3.906/mmBtu. Gas for April delivery falls 4.1% to $3.959/mmBtu. Weather forecasts were neutral, "which has the effect of adding confirmation to yesterday's forecasts for warming, which may have been what traders were waiting on," Gelber & Associates says in a note. In focus tomorrow will be the EIA's storage report for last week, which is expected to show a 265 Bcf draw from inventories, according to a Wall Street Journal survey of analysts, widening the deficit against the five-year average to 242 Bcf from 118 Bcf the previous week. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 14:48 ET (19:48 GMT)
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