Hedge Funds Seen by Citigroup Buying Gas as Mid-$3 ForecastBy
Speculators’ positions could flip to net long by year end
Inventories up 33% this summer compared with 75% in 2011-2015
Citigroup Inc. expects hedge funds to bet on rising natural gas by the end of the year as strong demand and slowing production help push prices toward the mid-$3 range in 2017.
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