Natural gas futures attempted to claw back some of their recent losses early Tuesday as exceptionally mild temperatures and recovering production volumes continued to weigh on prices.

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Coming off a 12.1-cent sell-off Monday as the February Nymex contract rolled off the board, March was up 2.8 cents to $2.082/MMBtu at around 8:50 a.m. ET.

Weather models saw “big warmer trends” over the prior 36 hours, with both the American and European datasets losing a “massive” number of projected heating degree days, NatGasWeather said early Tuesday.

“Warmer trends were driven by little coverage of subfreezing highs over the U.S. the next 15 days as much of the interior U.S. warms 15-30 degrees above normal,” NatGasWeather said. “…What’s likely most disappointing is the...