1108 ET - Natural gas futures extend gains as the EIA reports a smaller-than-expected inventory increase for last week. Gas in underground storage rose by 16 billion cubic feet to 1,846 Bcf, versus expectations of a 23 Bcf increase in a Wall Street Journal survey of analysts. The storage deficit against the five-year average widened to 74 Bcf from 40 Bcf the week before. The deficit had narrowed sharply in the four previous weeks due to mild March weather cutting into demand. Nymex natural gas is up 1.9% at $3.310/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 11:08 ET (15:08 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.