U.S. Natural Gas Retreats on Below-Estimate Storage Draw -- Market Talk

Dow Jones

03-06

1054 ET - U.S. natural gas futures head lower as the EIA reports a smaller-than-expected inventory withdrawal for last week. Gas in underground storage fell by 80 billion cubic feet to 1,760 Bcf, compared with expectations of a 98 Bcf draw in a Wall Street Journal survey of analysts. The deficit against the five-year average narrowed to 224 Bcf from 238 Bcf the week before, but widened against the year-ago level to 585 Bcf from 561 Bcf. The Nymex front month is down 2.8% at $4.325/mmBtu. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 10:55 ET (15:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The deficit against the five-year average narrowed to 224 Bcf from 238 Bcf the week before, but widened against the year-ago level to 585 Bcf from 561 Bcf. The Nymex front month is down 2.8% at $4.325/mmBtu. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 10:55 ET (15:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

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