Hedge Fund Bullish Gas Bets Collide With Prices: Energy Markets
This article is for subscribers only.
Hedge funds raised bullish bets on natural gas to a four-month high in the U.S. just as weather warmed, pushing heating fuel to its biggest weekly decline since August.
The funds and other large speculators increased net-long positions, or wagers on rising prices, by 7 percent in the seven days ended Dec. 14 to the highest level since August, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report.