Hedge Funds ‘Bearish With a Capital B’ in Gas: Energy Markets
This article is for subscribers only.
Hedge funds raised bearish bets on natural gas to the highest level since December 2008 as the fuel plunged on speculation that seasonal inventories will reach near-record levels at the end of March.
The funds and other large speculators increased net-short positions, or wagers on falling prices, in futures on the New York Mercantile Exchange by 27 percent in the seven days ended Feb. 8, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report.