Late Winter Blast Catches Short Traders Off Guard

摘要

Throwing in the towel on winter-a seemingly safe bet for gas traders a couple of weeks ago-is looking more premature as weather forecasts start to turn colder,leaving doubts about how big the storage glut will be come spring.Early last week,short-positioned traders who had kept the front-month Nymex futures contract mired in the $1.80s per million Btu returned from a long holiday weekend to confront their worst fear-a sudden shift in overwhelmingly bearish weather forecasts to a decidedly bullish scenario.