1503 ET - Natural gas futures give up post-storage gains and settle near flat ahead of the Easter weekend, with the near-term weather outlook offering little in the way of demand. The EIA reported a 16 Bcf build in inventories for last week, smaller than the 23 Bcf estimate in a Wall Street Journal survey of analysts and smaller than the 50 Bcf five-year average for the week. "Price action has mirrored the downtrend in demand, with the front month finding support at the $3.25 technical level so far," Gelber & Associates says in a note. "Many participants have been reducing risk earlier than normal this week in anticipation of the long weekend." Nymex gas for May delivery slips 0.1%, to $3.245/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 15:03 ET (19:03 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.