Natural gas futures fell moderately after a strong rally on Tuesday.

The London market opened at 10 a.m. with the first opening bell for natural gas futures.

Natural gas futures were mixed, with December contracts down 1.9 cents, to $2.41 per 1,000 cubic feet.

Natural gas futures rose 7.8 cents, to $7.157 a million British thermal units.

Natural gas futures rose 12 cents, to $12.44 a thousand cubic feet.

Natural gas futures hit a record on Monday, closing at $12.663 per thousand cubic feet, up $1.519.

Only once since gas futures began trading in 1990 had gas cost so much more than oil.

Despite relative calm in other markets, natural gas futures climbed above $13 per 1,000 cubic feet, about twice the price of last year.

Cold weather drove natural gas futures to a two-month high.

Natural gas futures rose 8 percent ahead of the storm, but lost most of those gains the next day.