0939 ET - U.S. natural gas futures are lower after rising the previous two weeks on longer-term expectations for a tighter market. Near-term bearish factors are piling up with weak weather-related demand, LNG maintenance, higher production and rising storage, Eli Rubin of EBW Analytics says in a note. But "bullish momentum has appeared indefatigable," with the argument that mid-summer conditions will tighten rapidly as LNG booms and production stagnates still intact, he adds. Nymex natural gas is down 4.1% at $3.628/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 09, 2025 09:39 ET (13:39 GMT)
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