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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.

 

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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.

 

Keep reading...Show less