• Natural gas futures recover losses as forecasts trend hotter
  • Another pullback not out of the question as export demand still unclear
  • Cash slides further amid light weekend demand

With former Hurricane Isaias in the rearview mirror and hot weather back in the near-term and long-range forecasts, natural gas futures quickly recouped Thursday’s losses, and then some. The September Nymex gas futures contract settled Friday at $2.238, up 7.3 cents. October climbed 7.1 cents to $2.376.

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Spot gas prices were mostly lower outside of the Northeast, where power restoration efforts continued in the wake of the East Coast storm. NGI’s Spot Gas National Avg. slipped 3.5 cents to $1.795.

Tudor, Pickering, Holt & Co. (TPH) analysts viewed the past week’s natural gas roller coaster ride as...