Natural gas futures on Tuesday found momentum as signs of sustained strength in liquefied natural gas (LNG) levels offset forecasts for mild weather and light heating demand.  

Evening Markets

The April Nymex contract settled at $2.562/MMBtu, up 7.8 cents day/day. May gained 7.4 cents to $2.597.

On Monday, the prompt month dropped 11.6 cents and fell to its lowest level since early January. Even with Tuesday’s gain, the April contract finished in the green only twice over the past 10 trading sessions.

NGI’s Spot Gas National Avg., meanwhile, fell 14.5 cents to $2.410 on Tuesday. Cash prices were led lower by steep drops in the Northeast region.

LNG export volumes topped 11 Bcf for the fourth time in five days, hitting 11.58 Bcf on Tuesday, according to NGI estimates. Analysts said...