Friday, June 17, 2016

Speculators boost U.S. natural gas net longs for 3rd week -CFTC

June 17 (Reuters) - U.S. natural gas speculators boosted

their net longs for a third 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 27,431 contracts to 81,821 in the week to

June 14, the U.S. Commodity Futures Trading Commission said on

Friday.

Gas futures on the NYMEX averaged $2

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