Bloomberg – Hedge funds slashed bets on falling natural gas prices from record levels last week, triggering the longest rally since July on speculation that cold weather will bolster heating demand and reduce brimming stockpiles.
The funds and other large speculators cut short positions, or wagers that prices will decline, by 25 percent in futures and options in the week ended Nov. 22, according to the Washington- based Commodity Futures Trading Commission’s Commitments of Traders report.
