StamfordAdvocate – Hedge funds reduced bullish bets on natural gas the most in four months after a larger-than-normal increase in U.S. stockpiles prompted speculation that record output will overwhelm demand for the power-plant fuel.
The funds and other large investors cut wagers on rising prices 35 percent in the seven days ended June 28, according to the Commodity Futures Trading Commission’s Commitments of Traders report. It was the biggest decline since March 1.
