As cooling demand expectations eased slightly in the latest weather data, natural gas futures hovered close to even early Wednesday. At around 8:45 a.m. ET, the August Nymex contract was off 0.5 cents to $3.632/MMBtu.

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The latest forecast from Bespoke Weather Services Wednesday showed a small decrease in gas-weighted degree day (GWDD) expectations, with the firm pointing to lower projected demand over the next few days.

“At this point, the 15-day forecast as a whole is just a few GWDD over the five-year normal,” Bespoke said. “…This places weather about as neutral as it can get, as the best heat in the pattern remains in the western half of the nation on a sustained basis. The East continues to see occasional strong spikes of heat, while the South, especially Texas, remains...