1003 ET - U.S. natural gas futures are holding onto most of yesterday's gains as the front month switches to June. Weather-driven demand is expected to remain subdued through May, leading to large storage builds that are seen switching the deficit over the five-year average to a surplus. On the positive side, LNG feedgas flows have picked up, and prospects for the summer are for hotter-than-usual weather favoring power-sector use. Nymex natural gas is off 0.5% at $3.326/mmBtu after rising more than 7% yesterday. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 10:03 ET (14:03 GMT)
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