0935 ET - U.S. natural gas futures are returning some of the week's gains after the market rallied in the face of a milder weather outlook, rising output, and easing LNG demand, capped by a smaller-than-expected inventory withdrawal reported by the EIA. While the long-term outlook remains bullish and upside price risk remains, receding momentum and soft fundamentals increase the likelihood of a near-term price retreat, Eli Rubin of EBW Analytics says in a note. The Nymex front month is off 3.3% at $4.161/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 07, 2025 09:35 ET (14:35 GMT)
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