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Funds Boost Bets for Second Week on Rising European Gas Prices
Investment funds have stepped up bets that European gas prices will rise, highlighting increasing concerns over fuel supplies. The number of net long positions in benchmark Dutch gas futures held by investment funds gained for a second consecutive week, according to data from Intercontinental Exchange Inc. Bets on rising prices are near the highest since January 2022, the month before Moscow’s invasion of Ukraine roiled the markets. Europe is increasingly reliant on global supplies to replenish its inventories, leaving the market more vulnerable to supply disruptions. Even brief outages in top supplier Norway have ... (full story)