Faster-than-expected gains in U.S. natural-gas inventories are easing concern that a shortage is looming next winter, spurring speculators to cut bullish bets. Money managers’ net-long position fell 9.1 percent in the week ended May 13 to the lowest level since December, the U.S. Commodity Futures Trading Commission said. Bearish wagers are the highest in more than four months. Gas futures fell 9.2 percent in the period as stockpile gains topped analysts’ forecasts for a third week. Production from shale deposits in the U.S. Northeast and Midwest climbed to a record 16.1 billion cubic feet a day in the week ended May 9, Credit Suisse Group AG said in a report May 15. “We’re on the path to a more comfortable supply situation by the end of the summer,” Tom Saal, senior vice president of energy trading at FCStone Latin America LLC in Miami, said by phone on May 16. […]