The Wall Street Journal reported that natural gas rallied for the fourth day in a row, rising to new highs for 2012 on continued forecasts for cool weather throughout the United States.
As quoted in the market news:
Natural gas for November delivery rose 2.3 cents, or 0.7%, to settle at $3.32 a million British thermal units on the New York Mercantile Exchange.
Futures closed at the highest level since Dec. 13, capping a 15% rally for the week. Futures have gained 56 cents since a recent low on Sept. 19.