0843 ET - U.S. natural gas futures start the week lower as much of the U.S. warms up from last week's Arctic blast, raising prospects of higher production while demand eases. A further cold shot for the first week of March remains in the forecasts, but "less impressive by seeing less cold air, while also advancing these systems not as deep into the U.S.,"forecaster NatGasWeather.com says in a note. On the supportive side, the EIA's storage report will reflect last week's cold spell, widening the inventory deficit against the five-year average and year-earlier level. The Nymex front month is off 7.2% at $3.928/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 08:43 ET (13:43 GMT)
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