1509 ET - U.S. natural gas futures end the week down 7.1% as warmer weather forecasts for early March are seen slowing the pace of inventory withdrawals in the final stretch of winter. "Natural gas futures remain relatively stable and bearish pressure may be a result of more consistent weather forecasts and an overall drop in uncertainty," Gelber & Associates says in a note. Key to Nymex futures will be the next few weeks of storage reports ahead of injection season, the firm adds. Last week's 261 Bcf inventory withdrawal widened the deficit against the five-year average to 238 Bcf from 118 Bcf the week before. The front month settles down 2.5% at $3.834/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 15:09 ET (20:09 GMT)
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