1107 ET - U.S. natural gas futures add to early losses as the EIA reports the first increase in natural gas inventories since the first week of November. Gas in underground storage rose by 9 billion cubic feet last week to 1,707 Bcf, reducing the deficit against the five-year average to 190 Bcf from 230 Bcf the week before. Analysts in a Wall Street Journal survey had predicted on average a 12 Bcf storage draw for last week. Below-average inventories have kept futures prices above $4 despite mild March weather following a colder-than-normal start to the year. The Nymex front month is off 3.9% at $4.081/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 11:07 ET (15:07 GMT)
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