Drawing support from a broadly warm outlook for July temperatures, natural gas futures pared their losses ahead of an adjusted Friday release of updated government inventory data. 

Coming off a 4.8-cent sell-off in the previous session, the August Nymex contract was up 1.4 cents to $2.623/MMBtu at around 8:45 a.m. ET.

Estimates ahead of the Energy Information Administration’s (EIA) 10:30 a.m. ET storage report, pushed back a day because of the Fourth of July holiday, have been to an injection in the mid-60s Bcf for the week ending June 30.

Reuters polled 14 analysts, whose estimates ranged from injections of 56 Bcf to 69 Bcf, with a median increase of 65 Bcf. NGI modeled a 65 Bcf increase. This would compare with the 63 Bcf injection recorded by the EIA last year, and the...