Helped along by some additional heat in the latest forecasts, natural gas futures rebounded back above the $3 mark in early trading Friday. Roughly erasing the previous session’s losses, the July Nymex contract was up 6.7 cents to $3.025/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The latest 15-day forecast from Bespoke Weather Services showed a small increase day/day in gas-weighted degree days as both the American and European models showed additional heat in the eastern third of the nation.

“We still have near-term cooling over the next few days, but once to the end of next week, cooling demand jumps back above normal and remains there through day 15, and likely beyond, given the current depiction from all the latest model guidance,” Bespoke said. “This continues to increase the...