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The Energy Report - Get Fracking!

Natural gas pulled back but it is obvious that this market is starting to attract a lot of interest! Reuter's and the CME Group reported that the natural gas futures open interest on the New York Mercantile Exchange (NYMEX) climbed to a record high on Monday for the 11th straight day. The total futures open interest, or the number of longs and shorts outstanding, climbed 18,496 contracts on Monday to a record 1,455,630. Futures open interest increased by more than 260,000 contracts or a whopping 22 percent on this recent run. Hedge funds have increased their net-long position in natural gas futures, options and swaps for the sixth straight week. That puts the hedge funds long about 387,686 contracts their largest net long position in three years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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