U.S. Natural Gas Falls as March Contract Expires -- Market Talk
Dow Jones
Feb 27, 2025
1448 ET - U.S. natural gas futures give up early gains with the March contract falling 6.4% to go off the board at $3.906/mmBtu. Gas for April delivery falls 4.1% to $3.959/mmBtu. Weather forecasts were neutral, "which has the effect of adding confirmation to yesterday's forecasts for warming, which may have been what traders were waiting on," Gelber & Associates says in a note. In focus tomorrow will be the EIA's storage report for last week, which is expected to show a 265 Bcf draw from inventories, according to a Wall Street Journal survey of analysts, widening the deficit against the five-year average to 242 Bcf from 118 Bcf the previous week. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 14:48 ET (19:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
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.