As traders shrugged off hotter trends in the latest forecasts amid a mix of other factors weighing on prices heading toward the end of the injection season, natural gas futures pared their recent gains in early trading Wednesday. The September Nymex contract was off 2.0 cents to $2.397/MMBtu at around 8:45 a.m. ET.

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The latest forecast from Bespoke Weather Services as of early Wednesday showed hotter trends day/day, with the European model still advertising a “much hotter” outlook compared to the American dataset.

“We still feel” the European model “is running too hot, though we do see early next week as hotter, and, at least for now, ensembles show less potential for tropical disruption than they showed previously, which is something we were on the lookout for as a...