MTECHTIPS:-U.S. Natural Gas Futures Continue Higher for Second

MTECHTIPS:-U.S. Natural Gas Futures Continue Higher for Second Straight Day

MTECHTIPS -U.S. natural gas futures edged higher on Tuesday, extending gains from the prior session as concerns over the impact of Hurricane Irma faded away. U.S. natural gas for October delivery was at $2.984 per million British thermal units by 8:22 AM ET (1222 GMT), up 3.4 cents, or around 1.2%. Futures climbed 6.0 cents, or 2.1%, on Monday, after Hurricane Irma struck the U.S. southeast with less force than once feared, easing worries over a hit to energy demand. Despite gains, prices look set to remain on the back foot in the weeks ahead as traders react to the reality that higher summer demand for the commodity is coming to an end. Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning. But with autumn due to start on September 22, power burns to feed air conditioning demand have probably peaked for now, market analysts said

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