US GAS: Futures Rebound On Weather Outlook

— Above-normal Eastern U.S. temperatures through early June

— Bargain-hunters step in after biggest price drop since late March

— Market awaits gas inventory data Thursday

(Adds price table)

NEW YORK (Dow Jones)–Natural gas futures prices settled 3.8% higher Tuesday, as forecasts for above-normal temperatures in the Eastern half of the country into early June lured bargain-hunters into the market.

“Another day, another zig to the prior session’s zag,” said Pax Saunders, analyst at Gelber Associates, as erratic prices registered a third day of violent swings that began with 5.7% rise Friday. Prices …

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