1509 ET - U.S. natural gas slips after a three-day rally, with weak U.S. GDP weighing and the market expecting that the inventory deficit could swing to a small surplus with tomorrow's storage data. "We don't expect a major price response from the EIA report," Ritterbusch says in a note. "The likelihood that the injection will exceed 5-year average increases by as much as 45-50 Bcf has been discounted." Analysts in a Wall Street Journal survey predict an injection of 106 Bcf for last week, which would put stocks 4 Bcf above the five-year average. Nymex natural gas settles down 1.8% at $3.326/mmBtu for a monthly loss of 19%. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 15:09 ET (19:09 GMT)
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