0857 ET - U.S. natural gas futures slip as forecasts show warmer weather likely to follow this week's Arctic blast. The pullback is limited by tight storage and near-term production freeze-offs. "While the most-likely scenario favors retreating prices into March, bullish resilience remains noteworthy," Eli Rubin of EBW Analytics says in a note. "Storage deficits may reach 250 Bcf, LNG exports topped record highs at 15.5 Bcf/d over the weekend, and bullish technicals may limit the extent of probable declines." The Nymex front month is off 1.1% at $3.685/mmBtu.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 08:57 ET (13:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.