0957 ET - U.S. natural gas futures pull back from yesterday's rebound, but are still supported by forecasts for hotter weather as June progresses. "We can still envision nearby futures lifting to above the $4.00 mark this month on first indication of an extreme heat wave," Ritterbusch says in a note. Inventory builds remain a limiting factor, although the surplus is unlikely to stretch much beyond 125 Bcf to 130 Bcf by the end of the month, "a comparatively small supply overhang that could easily be erased by a hot summer," the firm adds. Nymex natural gas is down 1.7% at $3.632/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 09:57 ET (13:57 GMT)
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