GAS POSITIONING - Investment fund net long positioning in ICE TTF futures holds near the most bullish since January 2022 according to the commitment of traders data for the week to June 7.

• The European market remains sensitive to supply risks following the disruption to Norwegian supplies last month. LNG competition from Asia due to warm weather and supply outages such as at Wheatstone LNG this week are supportive.
  • Investment Firm net position fell by 1.61m to -92.10m
  • Investment Funds net position increased by 3.32m to +121.72m
  • Commercial Undertaking net position increased by 3.61m to -21.99m

Source: Bloomberg