Natural gas futures on Tuesday declined for a fourth straight session, as traders mulled cooling weather patterns and interruptions to U.S. exports of liquefied natural gas (LNG). Global demand, however, remains robust and stockpiles for winter are tight, leaving open the potential for a supply crunch and a surge in prices in the weeks ahead.

markets

At A Glance:

  • October futures down to $4.80
  • Forecasts cooling
  • Cash prices drop across the country

The October Nymex contract fell 18.0 cents day/day and settled at $4.805/MMBtu. November also fell 18.0 cents to $4.842.

NGI’s Spot Gas National Avg. dropped 34.0 cents to $4.750.

Tuesday’s futures action marked the second day in a row and the second time in the last seven sessions that the prompt month closed below $5.00. This...