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Hedge Funds Reduced Their Positions in US Natural Gas

Hedge Funds Reduced Their Positions in US Natural Gas

Hedge funds reduced their net bullish positions in US natural gas futures and options by 31% to 85,186 on July 3–10. The net-long positions also decreased ~3% YoY (year-over-year). The reduction suggests that hedge funds are turning less bullish or bearish on natural gas prices. The U.S. Commodity Futures Trading Commission released the latest positions data on July 13.