0925 ET - U.S. natural gas futures start the week higher as the market drifts into the summer season with expectations of greater demand. A slightly bullish weather outlook coupled with lower production and a jump in Plaquemines LNG feedgas are driving the early rebound, Eli Rubin of EBW Analytics says in a note. "Short-covering is amplifying upside," he says. "Weak cash may weigh on near-term futures into mid-June, but the gas market could price in upside in anticipation of mid-summer tightening." Nymex natural gas is up 8.2% at $3.729/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 09:25 ET (13:25 GMT)
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