U.S. Natural Gas Futures Add to Gains
0957 ET – U.S. natural gas futures are higher for a second session after a weekly storage build, while large, came in at the low end of market expectations to put stocks 0.2% above the five-year average. 'Supply is tighter than usual this time of year,' Phil Flynn of the Price Futures Group says in a note. At this time last year, storage was around 35% above the five-year average. 'Rising electricity demand and LNG exports are expected to support the market through summer,' Flynn adds. Nymex natural gas is up 1.5% at $3.531/mmBtu. (anthony.harrup@wsj.com)
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Axios
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