Hedge funds and other portfolio managers are reducing their bearish bets on European diesel futures as rising natural gas prices and colder weather boost demand.
Hedge funds and other portfolio managers have been slashing their bearish bets on the Europe an ICE gasoil futures amid falling temperatures and rising natural gas prices in Europe . In the week to November 26, money managers reduced once again their short positions on the gasoil futures traded on the ICE, according to data from the exchange quoted by Bloomberg.
covering the commitment of traders in the week to November 26 are being delayed because of the Thanksgiving holiday and are slated for release later on Monday. Per ICE data, last week's decline in shorts on European diesel marked the fourth consecutive week in which traders cut their bearish bets. The four-week run of speculators reducing their short positions was the longest such streak since February this year, according to Bloomberg.
Gasoil Natural Gas Futures Trading Hedge Funds Portfolio Managers Short Positions Bullish Europe
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