1457 ET - Natural gas futures pull back as the EIA reports a 9 Bcf increase in inventories for last week, reducing the storage deficit against the five-year average to 190 Bcf from 230 Bcf the week before. "While not unprecedented, net injections are rare at this point in the season," Andy Huenefeld of Pinebrook Energy Advisors says in a note, attributing the build to mild weather across key population centers. Futures hit daily lows following the report but "the market has yet to violate the lower boundary of the recent trading range, as prices remain well supported," he adds. The Nymex front month settles down 6.4% at $3.975/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 14:57 ET (18:57 GMT)
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