Natural-gas futures inched up Monday as investors looked past bearish near-term demand indicators to focus on an apparent pullback from recent production levels. Natural gas for July delivery rose 0.7 cent, or 0.3%, to $2.649 a million British thermal units on the New York Mercantile Exchange. The slight gain ended a five-session losing streak. The U.S. Energy Information Administration and private data groups said pipeline data and other indicators suggest the industry is beginning to cut production. The EIA said in a monthly report that production fell in March for the second time this year, and research consultancy Gelber & Associates said gas flow data on pipelines has been showing declines. Still, analysts expect the EIA’s weekly inventory data to show a major increase when released Thursday. “Production is still near record highs,” Gelber said in a note. “The sentiment continues to be bearish.” Natural-gas prices […]