0910 ET - U.S. natural gas picks up from yesterday's retreat with a widening inventory deficit keeping futures well above $4/mmBtu across the curve. This week's Arctic weather is expected to be reflected in a seventh straight triple-digit storage draw in next week's EIA report, and winter conditions are seen extending into March. "After the warm spell, some predict it will get cold again. This expectation is maintaining the demand for natural gas," Phil Flynn of the Price Futures Group says in a note. The Nymex front month is up 2.9% at $4.273/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 09:10 ET (14:10 GMT)
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