1447 ET - U.S. natural gas futures fall as a large increase in underground storage--the biggest so far this injection season--confirms still soft seasonal demand. While not a surprise, the inventory build added some downward pressure to forward pricing, Andy Huenefeld of Pinebrook Energy Advisors says in a note. "Power generation demand is starting to grow, but has so far been limited by reduced air-conditioning needs across key population centers in the Midwest and East." At 2,375 Bcf, natural gas stocks at the end of last week were 90 Bcf above the five-year average and 333 Bcf below their year-earlier level. Nymex natural gas settles down 3.4% at $3.253/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 14:47 ET (18:47 GMT)
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