bulls

US gas bulls say too much bad news can be a good thing

Natural gas bulls are herding together. Eight of 12 analysts surveyed by Bloomberg said they’re bullish about prices heading into next week. Contracts have rebounded 2.7 percent on the New York Mercantile Exchange since reaching a three-year low on Oct. 1. Futures may have fallen about 20 cents in the last month, weighed down by a glut of domestic shale supplies and forecasts for a mild winter that could curb demand for the heating fuel. But traders and analysts say that’s old news.