0900 ET - U.S. natural gas picks up from yesterday's five-month low settle, with the market still focused on a rapidly filling storage gap. "While natural gas storage deficits versus the five-year average may persist for two or three more EIA reports, the price trend for spring is bearish," Eli Rubin of EBW analytics says in a note. "Spring production is crushing seasonal records, LNG is softening seasonally, and the combination of elevated renewables and gas-to-coal switching is limiting power burns," he says. Nymex natural gas is up 2.1% at $3.078/mmBtu after falling more than 7% yesterday. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 09:01 ET (13:01 GMT)
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