Riding momentum from late last week, natural gas futures advanced in early trading Monday amid reports of declining production and modest weather-driven demand gains. 

NGI Morning Natural Gas Price & Markets Coverage

The June Nymex contract was up 6.9 cents to $2.206/MMBtu at around 8:50 a.m. ET.

On Friday, the front month rallied to finish in positive territory after probing as low as $2.031, with the intraday rebound helped in part by “receding production” and “a sharp gain in oil prices boosting the energy commodity complex,” EBW Analytics Group analyst Eli Rubin said.

Heading into Monday’s trading, however, the latest estimates showed LNG feed gas demand softening, “with Corpus Christi turning lower this morning, matching recent declines at Sabine Pass and maintenance at Cameron,” Rubin said.

Weak...