Friday, June 10, 2016

Speculators boost U.S. natural gas net longs -CFTC

June 10 (Reuters) - U.S. natural gas speculators boosted

their net longs for a second consecutive week, betting prices

will rise as production eases and power demand picks up to

absorb some of the record high amount of fuel left in

inventories after a warm winter.

Speculators in four major NYMEX and ICE markets added to

their bullish bets by 48,893 contracts to 54,390 in the week to

June 7, the U.S. Commodity Futures Trading Commission said on

Friday.

(Reporting by Scott DiSavino; Editing

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