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Hedge Funds Turn More Cautious to US Natgas Outlook

NATGAS

Hedge funds turned slightly more cautious over the outlook for US natural gas price prices last week after inventories remained high and eroded some of the market’s bullishness, Reuters said.

  • Funds sold the equivalent of 90 bcf in the two major futures and options contracts linked to natural gas prices at Henry Hub in Louisiana in the week to June 4.
  • This was the first net sale in five weeks, as funds added more bearish short positions.
  • The natural gas surplus has been largely flat since mid-March, dissipating some bullishness.

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