July 29, 2016 / 7:41 PM / a year ago

Speculators cut U.S. natgas net longs for 2nd week in a row-CFTC

July 29 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in a row, 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 2,609 contracts to 88,939 in the week to
July 26, the U.S. Commodity Futures Trading Commission said on
Friday. 

 (Reporting by Scott DiSavino; Editing by Bill Rigby)

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