Investors increased bets on higher European natural gas prices, fearing that further supply disruptions will trigger even more market volatility as the focus turns to building stockpiles for next winter.
The number of net long positions in benchmark Dutch gas futures held by investment funds rose for a third consecutive week to the highest since October, according to data from Intercontinental Exchange Inc. released Wednesday. The trend highlights that while demand remains muted and the region exited the heating season with the highest stocks on record, traders are getting concerned.
