Money Managers Set Third Weekly Record for U.S. Natural Gas Shorts

Money managers’ short-only positions in U.S. natural gas futures reached a third weekly record in a row, with the latest count at 636,576 positions across seven Henry Hub benchmark contracts. The total was the highest in data dating to May 2013, and the figures were released Friday.

BAMWX, a private meteorological firm, wrote on X Nov. 7: “We’re targeting this upcoming Wednesday for the next cold front to sweep through the region.” The firm said the low was expected to linger through Friday evening, bringing lake-effect showers and possibly flurries to lake-effect areas.