1501 ET - The recovery in U.S. natural gas futures extends to a second week with traders looking beyond recent storage builds to higher summertime demand. "The market is going to need to see very robust storage builds continue beyond just a few weeks...before they pull some of that risk premium out of forward pricing," says Blake Owen of Pinebrook Energy Advisors. High solar power generation could take some demand from natural gas, although summer electricity use will reduce fuel switching flexibility, he says. At the height of summer "you really need anything and everything that you can to generate power to meet those peak loads." Nymex natural gas settles up 5.7% at $3.795/mmBtu, up 4.5% on the week. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 15:01 ET (19:01 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.