As traders weighed a warmer temperature outlook against the tight supply/demand balance evidenced by the latest government inventory data, natural gas futures hovered close to even early Friday. The December Nymex contract was off 1.0 cent to $3.291/MMBtu at around 8:40 a.m. ET.

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Recent shifts in the weather modeling had Bespoke Weather Services making warmer revisions to its latest forecast early Friday. Models continued to show colder temperatures in the outlook failing to reach the eastern half of the Lower 48, according to the firm.

Models advertised a “downstream upper level ridge in the East, meaning above to much above normal temperatures,” Bespoke said. “We also see less potential at the end of the 11 to 15 day for a materially colder pattern to develop in the 16 to...