1518 ET - U.S. natural gas futures rise for a seventh consecutive session as Arctic weather across much of the U.S. lifts demand and freezes in some production, while forecasts show winter stretching into March with large storage withdrawals widening inventory deficits. EIA data due tomorrow are expected to show a 187 Bcf draw from underground storage, leaving inventories at 2,110 Bcf, or 109 Bcf below the five-year average and 377 Bcf below the year-earlier level, according to a Wall Street Journal survey of analysts. The Nymex front month settles up 6.8% at $4.280/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 15:18 ET (20:18 GMT)
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