April natural gas prices began the overnight trade on a weaker note but have since turned into positive territory. Perhaps historically low natural gas prices are gaining more attention in the wake of $110 WTI and $125 Brent crude oil as an alternative. There was news overnight that large investment fund, Blackrock, is expected to make a $2 billion dollar investment into Cheniere Energy. This investment is seen as one that benefits from higher natural gas prices and will help Cheniere build a gas-liquefaction plant in Sabine Pass. The Commitments of Traders Futures and Options report as of February 21st showed non-commercial traders were net short 125,224 contracts, a decrease of 1,174. Non-commercial and non-reportable traders combined held a net short position of 99,264 contracts, a decrease of 1,684 during the report week.
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