14555 ET - U.S. natural gas futures post their first gain in five weeks in what is largely seen as a technical rally with near-term fundamentals remaining seasonally soft. Despite this week's storage build that led to a small inventory surplus, "natural gas found buyers as long-term weather forecasters are calling for a hotter than normal summer for over half of the U.S., and hurricane season is predicted to be more active than average," BOK Financial's Dennis Kissler says in a note. "Seasonally, May through June we normally see higher trending price moves for natural gas." Nymex gas settles up 4.3% at $3.630/mmBtu, and is up 17% on the week. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 14:55 ET (18:55 GMT)
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