US Nymex natural gas futures tumbled on Tuesday, with the December gas contract falling by 65.1c to settle at $5.714/MMBtu, losing all but 3c of Monday's spike in an apparent wave of proot-taking. LNG feedstock growth might have played into the tug-of-war between bulls and bears. On Monday, traders reacted to the Oct. 28 restart of Cove Point LNG in Maryland, adding just under 750 MMcf/d in demand.
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