0933 ET - U.S. natural gas futures return some of yesterday's gains while holding above the $4 level with support of a growing storage deficit that will add demand during the refill season. "In the near-to-medium term, a milder March weather backdrop, returning supply, and seasonally weaker demand may bias price risks lower," Eli Rubin of EBW Analytics says in a note. But a "fundamentally bullish 2H25 and winter 2025-26 offer significant upside potential," he adds. The March contract, which expires at the close, is off 2.7% at $4.061/mmBtu. Gas for April delivery is down 2.3% at $4.035/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 09:33 ET (14:33 GMT)
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