Natural gas futures posted a second consecutive day of gains Tuesday as liquefied natural gas (LNG) levels remained strong and production was curtailed as slow-moving Hurricane Sally was expected to impose torrential rains and flooding.

evening markets

The October Nymex contract settled at $2.362/MMBtu, up 5.2 cents day/day. November rose one-tenth of a cent to $2.741.

Spot gas prices, meanwhile, declined as Sally ushered in cooler winds, and fall temperatures settled across parts of the nation’s eastern half. NGI’s Spot Gas National Avg. fell 2.0 cents to $1.890.

After gaining ground last week and over the weekend – with export demand recovering and the Sabine Pass LNG terminal reigniting activity after suspending operations during Hurricane Laura – LNG volumes held above 7.0 Bcf as...