Natural gas futures on Friday dipped lower for a second consecutive day as traders mulled forecasts for milder temperatures, the specter of easing demand and the potential for stronger storage injections ahead.

The October Nymex contract dropped 23.0 cents day/day and settled at $5.105/MMBtu. November fell 23.6 cents to $5.146.

NGI’s Spot Gas National Avg. shed 19.0 cents to $5.150, led lower by declines in Texas.

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Weather forecasts for the remainder of September shifted bearish again Friday – after shedding several cooling degree days (CDD) on Thursday – signaling the potential for solid increases to stockpiles in the coming weeks. This calmed fears of a low storage...