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Hedge Funds Are Record Short Natural Gas on Mild Winter Outlook

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Hedge Funds Are Record Short Natural Gas on Mild Winter Outlook Hedge-fund managers have amassed a record short position in US natural gas on expectations for an unusually mild northern winter that points to anemic demand for the furnace and power-plant fuel. Money managers have increased short-only exposure, or bets on prices falling, across seven benchmark Henry Hub contracts to 599,731, according to Commodity Futures Trading Commission data released Friday. It’s the largest in data going...

Hedge Funds Are Record Short Natural Gas on Mild Winter Outlook Hedge-fund managers have amassed a record short position in US natural gas on expectations for an unusually mild northern winter that points to anemic demand for the furnace and power-plant fuel. Money managers have increased short-only exposure, or bets on prices falling, across seven benchmark Henry Hub contracts to 599,731, according to Commodity Futures Trading Commission data released Friday. It’s the largest in data going back to May 2013.
US (LOCATION) Henry Hub (LOCATION) Commodity Futures Trading Commission (ORG)
Originally published by Bloomberg Markets Read original →