Speculators Boost U.S. Natgas Net Longs
U.S. natural gas speculators boosted their net long positions for the first time in five weeks, betting prices will rise as exports increase and inventories remain well below normal for this time of year.
Speculators in four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) (ICE) markets added to their bullish bets by 24,673 contracts to 211,680 in the week to March 6, the U.S. Commodity Futures Trading Commission said on Friday.
Reporting by Scott DiSavino
