Natural gas futures on Tuesday finished in the red for a fifth consecutive session, as traders mulled forecasts for light heating demand, a leveling off of liquefied natural gas (LNG) levels and early expectations for a light storage withdrawal.

OGT Spot Prices

The April Nymex contract declined two-tenths of a cent day/day and settled at $2.662/MMBtu. May declined by an equal amount and closed at $2.696.

NGI’s Spot Gas National Avg. shed 3.0 cents to $2.470.

LNG feed gas volumes topped 11 Bcf at the close of trading last week, NGI data showed, hovering near record levels and representing what market participants thought was a full recovery from the disruptions caused by the Texas freeze in mid-February. However, over the weekend and into Monday and Tuesday, LNG levels dipped below 11 Bcf,...