Natural gas futures extended their losses in early trading Tuesday, with prices skidding double digits amid a bearish outlook for October fundamentals. After stumbling 22.0 cents in the previous session, the November Nymex contract was down another 13.7 cents to $5.208/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The European and American weather models both lost degree days overnight by showing less cold reaching the northern part of the country late this week and next week, according to NatGasWeather. The pattern remained “solidly bearish” as each of the next 15 days was on track to deliver below-normal demand nationally, the firm said.

“We continue to look toward the end of October into the start of November for more intimidating cold shots into the northern U.S., although yesterday...