With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading Monday. After tumbling 11.8 cents in Black Friday trading, the January Nymex contract was up 8.3 cents to $2.926/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Weather models have been mixed in recent runs, according to Bespoke Weather Services. The latest forecast early Monday showed less demand than before the Thanksgiving holiday, but after colder overnight changes demand expectations were higher compared to Friday, the firm said.

“The theme of hovering near the five-year and 10-year normal remains, but in recent models the pattern depicted as we move toward the middle of the month is one that hints at drawing some...