Coming off a huge sell-off in the previous session, natural gas futures recovered some of their losses in early trading Friday as the Freeport liquefied natural gas (LNG) terminal outage continued to roil the market ahead of the extended July Fourth holiday weekend.

NGI Morning Natural Gas Price & Markets Coverage

After plummeting $1.074 on Thursday, the August Nymex contract was up 45.9 cents to $5.883/MMBtu as of around 8:50 a.m. ET.

The Energy Information Administration (EIA) on Thursday reported an 82 Bcf injection into Lower 48 storage for the week ended June 24. The print marked a second straight EIA report that significantly overshot estimates following the explosion that knocked the Freeport LNG terminal offline. 

“For the second week in a row, it was above the highest published estimate,” Wood Mackenzie analyst...