Funds Boost Long Positions in European Gas on Iran War Turmoil

Funds and other speculators boosted their net long positions in European gas to the highest level in more than a year as the war in the Middle East clouded the outlook for global flows.

Bullish wagers were at their highest since February last year in the week ending March 6, according to data from Intercontinental Exchange Inc. released Wednesday. Net long positions in benchmark Dutch gas futures held by investment funds rose by nearly 62%.