Capping off an extremely volatile week, natural gas futures recovered from the prior’s day modest downturn. With support from increased heat in the near-term outlook, the September Nymex gas futures contract on Friday finished 2.1 cents higher at $3.851.

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At A Glance:

  • Heat seen returning to Lower 48
  • Wind generation behind bearish EIA data
  • Cash snaps losing streak

Spot gas also finally snapped a multi-day losing streak, with most U.S. pricing hubs picking up between a dime and 20.0 cents. However, with the West and East coasts continuing to decline, NGI’s Spot Gas National Avg. picked up only 5.0 cents to hit $3.775.

After looking a bit cooler for late August, weather models flipped in a big way on Friday. Once the coolest of the datasets, the European 15-day outlook...