Continued warmth in the temperature outlook kept natural gas futures bulls on the defensive in early trading Friday. After recording heavy losses this week, the December Nymex contract was down another 2.6 cents to $2.916/MMBtu at around 8:40 a.m. ET.

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Based on the latest guidance, Bespoke Weather Services reduced its projected gas-weighted degree day totals for the 15-day outlook early Friday, rounding out a full week of consecutive warmer revisions to the firm’s forecast.

“It still appears likely that warmer than normal weather will roll into the final third of November as well,” Bespoke said.

Movement in the major models was mixed overnight, with the American dataset shifting warmer but the European model moving slightly colder in the medium range, according to the...