Gas Futures Steady Amid Power Burn, Production Shifts
Natural gas futures steadied on Tuesday after a dip in power burn and softer liquefied natural gas (LNG) exports offset a decline in production readings. The prompt month erased last week's gains, but October prices rebounded from a $2.82 test.
The Northeast region turned colder than average, which could support prices. However, production readings slipped 1.7 Bcf/d, contributing to the mixed market sentiment.