Riding momentum from a colder shift in one of the major weather models, natural gas futures advanced in early trading Monday. The March Nymex contract was up 11.6 cents to $4.057/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The European weather model trended colder over the weekend, showing chillier temperatures moving into the northern part of the Lower 48 around Feb. 24-26 to drive “closer to seasonal demand,” according to NatGasWeather.

However, there was disagreement between the American and European datasets over the weekend, with the American model extending warmer trends during the Feb. 22-28 time frame, the firm said.

“We expect the natural gas markets are likely to favor the colder trending European model, and this could be the reason” prices climbed following the weekend...