CoT: Specs Cut Henry Hub Short Interest

A closer look at fund managers' energy market futures and options positioning

December 30, 2024 • Est. Reading Time: 2 minutes

Mobius Intel Brief:

CFTC/ICE Commitment of Traders data through December 24:

  • Fund managers’ net interest in NYMEX Henry Hub gained 600.4 bcf* W/W to a net short position of -39.1 bcf* as a substantial weekly decrease in spec short interest combined with a moderate increase in spec length.

  • Fund managers’ net length across ICE and NYMEX crude and products fell by a combined 6.85 MMb W/W to 384 MMb. ICE Brent and NYMEX RBOB led the decrease in fund managers’ combined net length. Net spec interest in WTI gained 21.7 MMb W/W and 13.3 MMb W/W for ULSD.

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This commentary contains our views and opinions and is based on information from sources we believe are reliable. This commentary is for informational purposes, should not be considered investment advice, and is not intended as an offer or solicitation with respect to the purchase and sale of commodity interests or to serve as the basis for one to decide to execute derivatives or other transactions. This commentary is exclusively intended for Mobius clients and is not considered promotional material.