After see-sawing the previous two sessions, natural gas futures were flat in early trading Friday as traders continued to mull late-summer balances following the latest release of weekly government inventory data. 

NGI Morning Natural Gas Price & Markets Coverage

The September Nymex contract was up 0.1 cents to $2.764/MMBtu at around 8:30 a.m. ET.

The front month plunged 19.6 cents on Thursday, with selling aided by a lackluster storage report. The sell-off erased an 18.2-cent rally from a day earlier, which had coincided with spiking prices overseas.

The U.S. Energy Information Administration (EIA) on Thursday reported a 29 Bcf injection into domestic natural gas storage facilities for the week ending Aug. 4. The print landed on the higher side of pre-report expectations but was tighter versus the 46 Bcf five-year average...