With a hurricane tracking toward Florida and the Southeast later this week, potentially impacting natural gas demand in the process, futures extended their losses in early trading Monday.

NGI Morning Natural Gas Price & Markets Coverage

The October Nymex contract was off 15.3 cents to $6.675/MMBtu at around 8:45 a.m. ET. November was down 13.6 cents to $6.856.

Hurricane Ian, churning about 275 miles southeast of the western tip of Cuba early Monday, was expected to undergo “additional rapid strengthening,” according to the National Hurricane Center.

The forecast track called for Ian to “emerge over the southeastern Gulf of Mexico on Tuesday, pass west of the Florida Keys late Tuesday, and approach the west coast of Florida on Wednesday,” the forecaster said.

Ian, combined with the looming expiration of the...