U.S. natural gas futures were little changed on Tuesday after erasing earlier losses on midday forecasts calling for colder weather and higher heating demand over the next two weeks than previously expected. Earlier in the session, prices had dropped about 5% due to an increase in output and forecasts for the weather to remain milder than normal through early November. On its second-to-last-day as the front-month, gas futures for November delivery fell 1.6 cents, or 0.3%, to settle at $5.882 per million British thermal units (mmBtu). On Monday, the contract soared 11.7% to its highest close since Oct. 5, when it settled at its highest since December 2008. Even though U.S. gas was trading near its highest in 12 years, U.S. prices have been held back from reaching the lofty levels seen in Europe and Asia. Gas futures around the world were trading near record […]