Following an overnight drop in weather-driven demand expectations, and with global prices still seen influencing the domestic market, natural gas futures skidded lower in early trading Tuesday. The October Nymex contract was off 21.6 cents to $9.120/MMBtu at around 8:55 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Overnight changes in the weather data were mixed but included a decline of four cooling degree days (CDD) from the European model, according to NatGasWeather.

With more seasonal conditions expected over much of the country for large portions of the 15-day outlook period, “national demand simply isn’t as intimidating as July and earlier in August,” the firm said.

The overnight drop in CDD from the European model could influence trade, “but what’s seemingly influencing U.S. prices more...