19.12.202520:30:00UTC+00Speculators Warm Up to Natural Gas: CFTC Positions Show Significant Shift

On December 19, 2025, the Commodity Futures Trading Commission (CFTC) released its latest data on speculative net positions in natural gas, revealing a noteworthy shift in trader sentiment. The current figures indicate that speculative net positions have moved from -138.4K to -106.5K, marking a considerable decrease in net short positions.

This change suggests an increased bullish sentiment among traders involved in the natural gas markets. The drop of 31.9K in net shorts may reflect expectations of rising demand or possible market influences encouraging more optimistic outlooks on future natural gas prices.

As the natural gas market continues to respond to various economic factors globally, this shift in speculative positions points towards potential market adjustments. Traders and analysts alike will be closely monitoring upcoming data releases and external factors—such as weather patterns and geopolitical developments—to assess the ongoing impact on the energy sector.

Stakeholders in the energy markets should remain vigilant, as the evolving narrative around natural gas positions could present both opportunities and challenges in the near-term outlook.