Friday, June 3, 2016

U.S. natgas speculators switch from net short to net long -CFTC

June 3 (Reuters) - U.S. natural gas speculators switched to

net long after last week switching to net short, betting prices

will rise as production eases and demand picks up to absorb the

record-high amount of fuel left in inventories after a mild

winter.

Speculators in four major NYMEX and ICE markets added 10,192

contracts, changing their bets from a bearish 4,695 net shorts

in the week to May 24 to a bullish 5,497 net longs in the week

to May 31, the U.S. Commodity Futures Trading Commiss

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