CFTC Reports Decline in Natural Gas Futures Net Long Positions

The U.S. Commodity Futures Trading Commission (CFTC) has reported a significant reduction in net long positions in natural gas futures. According to Jin10, for the week ending February 24, speculators decreased their net long positions by 60,823 contracts, bringing the total to 63,987 contracts across the four major natural gas markets of the New York Mercantile Exchange and the Intercontinental Exchange. This shift indicates a change in market sentiment among speculators regarding natural gas futures.