1457 ET - U.S. natural gas futures edge up ahead of a weekly inventory report, with $3 per million British thermal units looking like the new level to defend in the low-demand shoulder season. "Fundamentally, the re-pricing of the natural gas forward curve over the past three weeks has realigned overheated 2025 injection-season pricing with softer underlying supply/demand balances," Eli Rubin of EBW Analytics says in a note. "The critical questions are when will the speculator sell-off end, and can natural gas sustain $3.00/mmBtu?" Nymex natural gas settles up 0.5% at $3.022/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 14:57 ET (18:57 GMT)
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