The natural-gas market’s four-day rally ended Tuesday as weakening demand expectations encouraged traders to pull back. The front-month November contract settled down 3.3 cents, or 0.8%, at $4.121 a million British thermal units on the New York Mercantile Exchange. Trading stayed within an 8-cent range and the contract drifted lower after setting a new two-month intraday high of $4.178/mmBtu. Prices pulled back slightly after weather forecasts showed warmer expectations than they had the day before. Cold weather should boost demand for home heating, and fears of an early or severe winter have recently made traders jump. Tuesday they balked at how high prices got. Some thought the market was inflated by technical trading in the face of record production. “There’s a lot of new supply hitting the market and not a lot of demand,” Aaron Calder, senior market analyst at energy-consulting firm Gelber & Associates […]