• Markets considered modest domestic demand and rising production
  • Liquefied natural gas volumes hovered near record levels
  • Spot prices declined amid mild fall temperatures

Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports.

markets

The December Nymex contract flipped between slight gains and losses throughout much of Tuesday’s session and ultimately settled at $2.692/MMBtu, down a half-cent day/day. January fell 2.0 cents to $2.844.

A day earlier, the prompt month dropped nearly 30 cents, wiping out gains made the previous week.

Amid mild fall temperatures, NGI’s Spot Gas National Avg. declined 8.5 cents to $2.545.

Liquefied natural gas (LNG) volumes have hovered...