A somewhat cooler look to temperatures late this month and the prospect of demand destruction from a storm in the Gulf of Mexico (GOM) helped send natural gas futures lower in early trading Friday. The July Nymex contract was off 6.5 cents to $3.188/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The American and European weather models added cooling degree days (CDD) overnight for next week, according to NatGasWeather.

However, the pattern for Tuesday through Friday of next week remained “not quite hot enough” and would result in “only moderate national demand,” the firm said.

The European model lost a few CDD for the June 27-July 1 time frame overnight, NatGasWeather added. Models during this period continued to advertise “very warm to hot conditions over much of the western,...