Wall Street Bets Against Winter (and NatGas) – Remember Jan. 2026?
Wall Street's hedge funds have placed their biggest bet against natural gas prices in more than six years. They're wagering that a "Super El Niño" will give the U.S. a warm, wimpy winter and leave way too much gas sitting in storage. They may be right. But the last time hedge funds loaded up on the short side of gas heading into winter (this past January!), Mother Nature handed them their heads.To view this content, log into your member account. (Not a member? Join Today!)