Amid a steady outlook for hot temperatures this weekend into next week, natural gas futures managed to recover some of their recent losses early Wednesday. After tumbling 10.9 cents in the previous session, the September Nymex contract had clawed back 3.0 cents to reach $3.867/MMBtu as of around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The reasons behind Tuesday’s selloff “were difficult to pinpoint,” according to NatGasWeather. However, the firm pointed to the outlook for fading summer heat as the main catalyst for the decline in prices.

“We also view recent selling as healthy, as natural gas bulls take profits and allow prices to reset before seeing how much production and supplies respond the next few months ahead of what’s expected to be a much tighter winter season compared to previous...