Speculators’ Natural Gas Wagers Rewarded With Late Rally: Energy
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Speculators’ decision to raise bullish bets on U.S. natural gas was rewarded with a rally to the highest price since February.
Their net-long position across four natural-gas contracts rose 1.9 percent in the seven days ended April 15. Two days later, prices advanced the most in two months after a government report showed a second week of below-average U.S. stockpile gains, bolstering concern about tightening supply.