Natural gas futures on Tuesday bounced back from the prior session’s losses, as export demand and other key fundamentals held strong, while a critical oil pipeline signaled it could restore operations this week following a ransomware attack.

Colonial Pipeline

The June Nymex contract advanced 2.3 cents day/day and settled at $2.955/MMBtu. July gained 2.1 cents to $2.999.

Each had declined 2.6 cents on Monday amid worries about the cybersecurity breach involving Colonial Pipeline Co. The company operates a key delivery system spanning from the Gulf Coast to the East Coast for transportation fuels and other refined petroleum products.

Cash prices on Tuesday ticked lower. NGI’s Spot Gas National Avg. declined 2.0 cents to $2.725.

Liquefied natural gas (LNG) levels again topped 11 Bcf on...