Natural gas prices skidded Tuesday on expectations of continuing moderate demand for the heating fuel. Natural gas for February delivery fell 10.5 cents, or 3.3%, to $3.094 a million British thermal units on the New York Mercantile Exchange. Prices had surged 6% on Monday on expectations that frigid weather would boost demand for natural gas to heat homes and offices. But updated forecasts released Tuesday pointed to slightly warmer weather in the South, West and Pacific Northwest, according to private forecaster Commodity Weather Group LLC. Traders are also looking ahead to weekly inventory data on Wednesday, which is expected to show that natural gas inventories fell by less than typical levels for this time of year. Natural gas supplies fell to 11-year lows at the end of last winter as frigid weather fueled record-high demand. However, production exceeded expectations this summer, allowing producers to refill […]