Over the past week, portfolio managers have boosted their bullish bets on the benchmark European natural gas futures as supply concerns mounted with a potential strike at Australian LNG export facilities, adding to flow disruptions from Norway where some of the gas infrastructure is under maintenance. The position of the fund managers in European natural gas futures turned into a net long – the difference between bullish and bearish bets – for the first time this year and for the first time since October 2022, according to Wednesday…
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