-- Natural gas dropped off a month high early Tuesday even as long-term forecasts see hotter weather on the way, adding cooling demand for the fuel.
Gas for June delivery was last seen down $0.04 to US$2.83 per million British thermal units, after rising to the highest since April 7 a day earlier.
The drop comes even as long-term forecasts from the National Weather Service expects the Southeast and states west of the Mississippi River with warmer than seasonal temperatures over its eight to 14 day outlook. However the big markets of the Northeast will be cooler than seasonal over the period.
Supply remains robust. Last week's weekly inventory report from the Energy Information Administration showed stocks stood at 2.14-trillion cubic feet, 7.7% above the five-year average.