Investment funds increase bets on European gas prices, with net long positions near January 2022 highs amid growing global supply reliance.
Investment funds increased bets on rising European gas prices, marking a second consecutive week of growth. The number of net long positions in benchmark Dutch gas futures held by investment funds is near the highest since January 2022. The increase coincides with Europe's increasing reliance on global supplies to replenish inventories, leaving the market more vulnerable to supply disruptions.
June 19, 2024
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