Hedge funds and other portfolio managers have been slashing their bearish bets on the European ICE gasoil futures amid falling temperatures and rising natural gas prices in Europe. In the week to November 26, money managers reduced – once again – their short positions on the gasoil futures traded on the ICE, according to data from the exchange quoted by Bloomberg. In ICE gasoil futures, speculators raised their net long position, or the bullish bets, by 3,421 lots to 23,239 lots as of November 26, the weekly report from the exchange…
