As weather models continued to imply a potentially mild mid-November, natural gas futures lost ground in early trading Friday. Coming off a 41.6-cent sell-off in the previous session, the December Nymex contract was down another 15.5 cents to $5.627/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The latest model runs early Friday advertised little net change in weather-driven demand expectations compared to 24 hours earlier, according to Bespoke Weather Services. Model trends also continued to point to warmer conditions into the middle third of November, the firm said.

There is “some decent cold on the way, especially mid to late next week in the eastern half of the nation in response to a brief ridge spike up into Northwest Canada,” Bespoke said. “But as this feature collapses and Pacific...