0925 ET - U.S. natural gas futures start the week higher as the market drifts into the summer season with expectations of greater demand. A slightly bullish weather outlook coupled with lower production and a jump in Plaquemines LNG feedgas are driving the early rebound, Eli Rubin of EBW Analytics says in a note. "Short-covering is amplifying upside," he says. "Weak cash may weigh on near-term futures into mid-June, but the gas market could price in upside in anticipation of mid-summer tightening." Nymex natural gas is up 8.2% at $3.729/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 09:25 ET (13:25 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.