John Kemp/Reuters reports that hedge fund have built a big bullish position in natural gas futures… Here is why:
“Fund managers have responded to signs the gas market is tightening, despite one of the warmest winters in the last 50 years.
Strong exports and the continued weakness of gas output have offset warm weather and reduced consumption from electric power producers.”
Stock levels are down to,around 5 year averages:
There is more here…
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