0928 ET - U.S. natural gas futures are higher as Tropical Storm Isaias forms in the Gulf of Mexico and is expected to reach the U.S. Gulf coast as a hurricane later this week. The storm could potentially affect nearly 10 Bcf of gas output by the end of the week, Gary Cunningham of Tradition Energy says in a note. "That potential cut, uncertain as it may be, is giving the bulls a chance to come out of the shadows and push November comfortably above the $3 mark." Production losses could be offset on the demand side by cooling wind and rain and possible shut-in LNG production, he adds. Nymex natural gas is up 2.3% at $3.187/mmBtu.
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