Speculative traders increased their bearish exposure to U.S. natural gas, as shown by the latest Commitments of Traders data from the CFTC. Net speculative positions fell further into negative territory, slipping from -208.9K contracts previously to -219.8K contracts.
The shift indicates that hedge funds and other speculative participants have expanded their net short stance, suggesting rising expectations of weaker prices or a continued oversupplied market environment. The updated figures, released on 11 September 2026, underscore growing pessimism in natural gas futures positioning, with bears tightening their grip as net shorts reach deeper levels.
