U.S. natural gas futures jumped about 4% on Tuesday, erasing most of Monday's 5% drop, as soaring global gas prices keep demand for U.S. liquefied natural gas (LNG) exports near record highs.
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as oil prices held near seven-year highs, prompting some drillers to return to the wellpad.
Oil prices dropped on Monday as China's release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets.
U.S. energy firms added oil and natural gas rigs for a 15th month in row in October as oil prices soared to fresh seven-year highs, prompting some drillers to return to the wellpad.