1538 ET - U.S. natural gas futures relinquish intraday gains and settle fractionally lower despite a 32 Bcf weekly inventory build that landed at the low end of market estimates. "With today's supportive storage report and temperature forecasts looking conducive to even stronger power burn in the coming weeks, the market appears to have found a near-term bottom," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "Hot weather in Texas, against a backdrop of waning wind generation output, is likely to drive stronger natural gas demand during the periods covered by the next several storage reports." Nymex natural gas for August delivery settles down 0.3% at $2.916/mmBtu, while contracts further out post gains.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 15:38 ET (19:38 GMT)
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