1456 ET - U.S. natural gas futures snap a three-day winning streak as warmer weather contributed to a smaller-than-expected storage draw of 80 Bcf last week. Still, the 2,171 Bcf taken from storage since the start of November makes this the second-strongest withdrawal season since 2010, Andy Huenefeld of Pinebrook Energy Advisors says in a note. "We would expect to see a larger draw in next week's report covering the week ending March 7, but from there mild weather forecasts suggest a series of lighter storage deductions heading into the spring." Inventories as of last week were 224 Bcf below the five-year average, and 585 Bcf below their year-ago level. The Nymex front month settles down 3.3% at $4.302/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 14:56 ET (19:56 GMT)
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