Natural gas futures edge up on short-covering after three-week slide

U.S. natural gas futures rose 1.2% to $2.934/mmBtu in early trading, recovering from three straight weekly declines. BOK Financial's Dennis Kissler says the move reflects profit-taking by fund shorts correcting an oversold condition. Mild weather forecasts into mid-November keep near-term fundamentals negative, with seasonal pressure expected through the second week of November.