Economics
Producers Boost Bets Against Gas Most Since 2008: Energy Markets
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Natural gas producers increased bearish bets to the highest in almost three years, joining hedge funds amid forecasts that near-record output will swell a fuel surplus.
Producers and merchants increased net-short positions, or wagers on falling prices, on natural gas futures and options by 9.6 percent to 36,245 in the seven days ended Jan. 18, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report. It was the largest net-short position since March 2008 and the fourth straight week that they raised bets on declining prices.