Natural-gas prices rose Tuesday, erasing earlier losses, as traders bet that ultralow prices would help shrink the glut of the fuel. The natural-gas market is oversupplied, as mild weather has reduced demand for gas as an indoor-heating fuel and production has remained high. Natural-gas inventories stood 29% above the five-year average for this time of the year as of Feb. 19, according to the Energy Information Administration. Prices fell during intraday trading to their lowest level since March 1999 on concerns that the glut of natural gas could overwhelm storage capacity by next fall. “The temperature forecast continues to feature warmer than normal temperatures for most of the continental U.S., undercutting late winter heating demand to a degree that will severely limit the pull from storage,” said Tim Evans, analyst at Citigroup Inc., in a note. But futures for April delivery recovered later in the session to settle […]