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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.