0926 ET - Natural gas futures are lower for a fourth straight session with the market awaiting hotter weather to lift demand, while large week storage injections continue. Ritterbusch expects "limited downside follow-through from here," on prospects of a hotter summer and a pickup in exports. "We are still not seeing much in the short-term temperature forecasts that would stretch the supply overhang by more than 100 Bcf, even when looking out toward the middle of next month," the firm says, adding that past summers have shown a sharp rise in power-sector demand "can easily erase a double-digit surplus." Nymex natural gas is down 5% at $3.166/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 09:26 ET (13:26 GMT)
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