Heat Waves Fail to Boost Natural Gas Prices Amid Sputtering LNG Feedgas

Natural gas futures fell further on Tuesday despite scorching heat across much of the country.

The decline marks the fourth straight losing session for natural gas prices, which are being weighed down by a combination of factors including sputtering LNG feedgas and soaring power demand.

According to data from the Daily Gas Price Index, there have been 'no major changes' to the weather outlook in recent days, which is typically a key driver of natural gas demand.