U.S. Natural Gas Futures Slip Ahead of Storage Data
Dow Jones
4 hours ago
1525 ET - U.S. natural gas futures give up early gains and settle lower with current heat expected to give way to cooler weather as the month progresses, reducing power-sector demand. The EIA's inventory report due Thursday is expected to show a below-normal storage build for last week, shrinking the surplus over the five-year average but still leaving stocks looking comfortable ahead of the winter. Analysts in a Wall Street Journal survey expect a 49 Bcf injection, putting inventories at 3,303 Bcf or 123 Bcf above the 2021-2025 average. Nymex natural gas settles down 1% at $2.891/mmBtu.
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