January 17, 2025 20:39 GMT
AMERICAS OIL: Hedge Funds Boost Net Bullish Natural Gas Bets to 3-Year High
AMERICAS OIL
Hedge Funds Boost Net Bullish Natural Gas Bets to 3-Year High
- Bloomberg reports money managers have increased their bullish natural gas bets by 61,644 net-long positions to 296,537, weekly CFTC futures and options data on seven U.S. Henry Hub contracts show.
- The net-long position was the most bullish in almost three years
- Long-only positions rose 44,689 lots to 523,271 in the week ending Jan. 14
- The long-only total was the highest in almost three years
- Short-only positions fell 16,956 lots to 226,733
- The short-only total was the lowest in more than 14 months
87 words