Increased November chills for key demand markets in updated forecasts lifted natural gas futures to early gains Tuesday. The December Nymex contract, after shedding 13.1 cents in the previous session, was up 7.2 cents to $3.424/MMBtu at around 8:42 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Both the American and European weather models added heating degree days to the outlook overnight, largely reflecting increased cold associated with a system expected to move over the Midwest and East Nov. 9-11, NatGasWeather told clients early Tuesday.

“If not for very light demand this weekend into early next week and again Nov. 12-15, the pattern would be more intimidating,” NatGasWeather said. “With that said, the weather data has trended colder over the past 24 hours,” which could help “prices find support...