Natural gas prices bounced back Tuesday after a day of big losses and an improving outlook for demand. Natural gas for April delivery settled up 5.4 cents, or 2%, at $2.732 a million British thermal units on the New York Mercantile Exchange. The gains come a day after natural gas lost 5.7%, its third-largest drop of the year. Open interest in the market dropped, a sign Monday’s fall was from buyers getting out of their positions, and not from short-sellers–people betting prices will fall–flooding in, said Frank Clements, co-owner of Meridian Energy Brokers Inc. outside New York. If people aren’t getting into new positions, it limits momentum, he added. “You’re not going to get any kind of sustainable move when people are liquidating,” Mr. Clements said. “Traders are just sitting on the sidelines right now.” The balance of supply and demand does look tighter, and a […]