U.S. Natural Gas Futures Post Losses on Warmer Weather -- Market Talk

Dow Jones
01 Mar

1509 ET - U.S. natural gas futures end the week down 7.1% as warmer weather forecasts for early March are seen slowing the pace of inventory withdrawals in the final stretch of winter. "Natural gas futures remain relatively stable and bearish pressure may be a result of more consistent weather forecasts and an overall drop in uncertainty," Gelber & Associates says in a note. Key to Nymex futures will be the next few weeks of storage reports ahead of injection season, the firm adds. Last week's 261 Bcf inventory withdrawal widened the deficit against the five-year average to 238 Bcf from 118 Bcf the week before. The front month settles down 2.5% at $3.834/mmBtu. (anthony.harrup@wsj.com)

 

(END) Dow Jones Newswires

February 28, 2025 15:09 ET (20:09 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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10