1456 ET - U.S. natural gas futures lose ground as a bigger-than-expected storage build for last week bolsters expectations that the inventory deficit against the five-year average will soon flip to a surplus. Record solar power and strong wind generation likely contributed to last week's above-estimate 88 Bcf storage injection, NatGasWeather.com says in a note. "Clearly, bearish weather patterns have been weighing on prices the past couple weeks as near perfect temperatures rule most of the U.S. most days," the forecaster adds. Nymex natural gas settles down 3% at $2.930/mmBtu, its lowest since mid-November but off the day's low of $2.858 following the storage report. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 14:56 ET (18:56 GMT)
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