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Hedge funds build biggest bearish US natural gas bet in six years
Hedge funds have accumulated their largest net short position in US natural gas futures in more than six years, amid expectations that a mild winter will weaken heating demand and exacerbate surplus supplies, according to John Kemp, citing CFTC. As of 20 October, speculative investors held a net short position equivalent to 1,833 billion cubic feet across NYMEX and ICE Henry Hub contracts, placing bearish positioning in the third percentile of weekly observations since 2010. The positioning marks a sharp reversal from the same period last year, when money managers held a net long position equi
Latest closeNat gas $3.065 ▲17.8%