September 30, 2024 10:55 GMT
NATGAS: Funds Maintain Net Long Henry Hub Positioning
NATGAS
GAS POSITIONING – Funds net long positions on seven US Henry Hub contracts edge slightly higher in the week to Sept. 24, 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 8k to a net long of 127k, according to Bloomberg.
- Managed money Nymex Henry Hub futures and options rose by 23k on the week to a net short of 15k driven by a decline in short only positions, according to the Nymex disaggregated data.
- Henry Hub front month futures are holding near the highest since mid June of $2.932/mmbtu on Sept. 27 with a declining storage surplus towards the end of the injection season while demand holds above normal and despite the return of Gulf of Mexico production following Hurricane Helene disruption.
Source: Bloomberg
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