Traders have boosted their bullish bets on European natural gas prices, with concerns that supply issues and rising demand in Asia will boost prices.
Portfolio managers boosted their bullish bets on Europe ’s benchmark natural gas price to the highest level in six months, expecting continued volatility as Europe is now beginning to stockpile supplies for the next winter.
While a mild winter and full gas storage helped Europe through a second consecutive winter without most of the Russian pipeline gas it had previously received, the potential of lower LNG flows to Europe if Asian demand surges is one driver of a more bullish outlook on European prices.
Natural Gas Natural Gas Prices Trading Europe Volatility LNG
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