Natural gas extended rally as bullish speculators continued to place bets that a return to cold winter weather will boost demand for the heating fuel.
Prices are up around 9% so far this week as weather models predicted much colder weather across most parts of the continental United States starting from Dec. 6.
Natural gas futures have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.
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