Natural gas futures continued to tumble in early trading Wednesday amid a mild December temperature outlook that trended even warmer overnight. The January Nymex contract was down 12.2 cents to $4.445/MMBtu at around 8:50 a.m. ET, after a combined 91.0-cent swoon over the previous two sessions.

NGI Morning Natural Gas Price & Markets Coverage

The European weather model trended warmer overnight for weather systems moving into the northern United States late this weekend into next week, according to NatGasWeather.

The model continued to advertise “exceptionally warm and bearish” conditions through the end of the current week and for the Dec. 11-16 time frame, when temperatures are projected to come in around 10-30 degrees warmer than normal over “vast stretches” of the country, the firm said.

As of early Wednesday the...