(Reuters) Hedge funds and other speculators are taking the most bullish bets on U.S. natural gas in more than two years, data showed on Friday, as late summer heat suggested that utilities will continue burning large amounts of gas to feed power demand for cooling.
Money managers raised their net long position on U.S. natural gas futures by 57,429 contracts to 165,366 in the week to Aug. 30, according to data from the U.S. Commodity Futures Trading Commission.
