1045 ET - U.S. natural gas futures are recovering much of yesterday's losses as softening production readings and a pickup in LNG feedgas help offset declining weather-driven demand. "The arrival of the shoulder season, fading weather support, and strengthening injections are muzzling attempted upside runs from earlier in September," Eli Rubin of EBW Analytics says in a note. A still hot Texas and strong physical market is sustaining support for now, but rising storage injections, and a weak fundamental winter outlook "suggest November may face challenges when it becomes the Nymex front-month contract next week," Rubin adds. The October contract is up 1.8% at $2.887/mmBtu.
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