| Hedge fund bulls accelerated their withdrawal from U.S. natural gas markets as volatility and prices declined on abundant supply. Speculators cut their net-long position across four benchmark contracts by 11 percent in the week ended Sept. 2, the most in three weeks, U.S. Commodity Futures Trading Commission data show. Bullish wagers have declined for six consecutive months, the most in data compiled by Bloomberg since 2010. Short positions rose to a nine-month high.
Prices have swung in the narrowest range for this time of year since 2009 as output and stockpiles increased at a record pace. The producers and consumers who trade with speculators have cut their holdings in gas by 25 percent from a record in April 2013, a sign they’re less concerned about price movements...............................................Full Article: Source
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