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HENRY HUB: Funds Raised Henry Hub Net Long Position Slightly in Week to Sept. 3

HENRY HUB

GAS POSITIONING – Funds increased net long positions on seven US Henry Hub contracts in the week to Sept. 3 to halt the net decline seen in the previous few weeks, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 6k to a net long of 108k, according to Bloomberg.
  • Managed money Nymex Henry Hub futures and options rose by just under 1k on the week to a net short of 70k with a v small increase in long only positions and small decrease in short only positions, according to the Nymex disaggregated data.
  • Henry Hub front month futures rose last week with current robust LNG export flows, slightly lower production and with below expected storage injections, but have fallen today with LNG flows at risk from an approaching storm in the US Gulf.

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