September Nymex natural gas futures rallied back toward $3 on Friday as lower production estimates spurred short sellers to exit positions ahead of the weekend.

Natural Gas Intelligence's (NGI) spot Henry Hub daily natural gas price graph showing historical market volatility.

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At A Glance:

Wood Mackenzie cuts output estimatesHurricane Erin expected to miss Lower 48LNG feed gas flat day/day at 15.9 Bcf/d