Hedge Funds Flip to 11,316 Net-Short US Gas on Supply Glut Signs
Updated
Updated · Bloomberg · May 29
Hedge Funds Flip to 11,316 Net-Short US Gas on Supply Glut Signs
2 articles · Updated · Bloomberg · May 29
Money managers swung to a net-short position of 11,316 contracts in the week ended May 26 across seven Henry Hub benchmarks, marking their first bearish stance on US natural gas since 2024.
A week earlier, those investors were net-long 15,270 contracts, underscoring a sharp sentiment reversal in the market.
Plentiful domestic supply signals and expectations for reduced export needs drove the shift, pointing to weaker demand for US gas balances.
The CFTC data suggest speculative traders now see near-term pressure on US natural gas prices after holding a bullish position just a week before.
Why are hedge funds shorting US gas as a Middle East war tightens global supply?
What do hedge funds know that contradicts bullish forecasts for American natural gas exports?