July 22 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to 91,547 in the week to
July 19, the U.S. Commodity Futures Trading Commission said on
Friday.
(Reporting by Scott DiSavino; Editing by James Dalgleish)
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