A third day of gains for October natural gas futures looked less likely as of midday Wednesday amid ample supply and a waning demand outlook for the final week of September.

Natural Gas Intelligence's (NGI) National Avg. midday natural gas price graph showing historical market volatility.

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Here’s the latest:

October Nymex gas contract down 1.8 cents to $3.085/MMBtu as of 1:59 p.m. ET