Friday, August 5, 2016

Speculators boost U.S. natgas net longs for 1st week in three -CFTC

Aug 5 (Reuters) - U.S. natural gas speculators boosted their

net longs for the first week in three, betting prices will rise

as production eases and power demand remains high to meet air

conditioning use during a hotter-than-normal summer.

Speculators in four major NYMEX and ICE markets added to

their bullish bets by 25,904 contracts to 114,842 in the week to

Aug. 2, the U.S. Commodity Futures Trading Commission said on

Friday.

(Reporting by Scott DiSavino; editing by Diane Craft)

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