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June Nymex natural gas (NGM24) on Tuesday closed up by +0.012 (+0.55%). June nat-gas prices on Tuesday posted modest gains as they consolidated below Monday’s 3-1/2 month nearest-futures high. Gas prices have carryover support from last Friday when Baker Hughes reported that the number of active US nat-gas drilling rigs in the week ending May 3 fell by -3 rigs to a 2-1/2 year low, which signals a reduction in US nat-gas production in the near term. Nat-gas prices fell back from their best levels Tuesday as temperature forecasts for the US moderated, which may curb nat-gas demand from electrici…

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