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)
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