Funds Cut Long Bets on European Gas, Supply Concerns Ease

Investors are betting less that European gas prices will go up.

They've cut their bets that prices will rise more than they have since last winter, as traders are stocking up on gas for the cold season.

This shift in the market means investors believe Europe will have enough gas for winter.

Also, there is a drop in gas futures.

Although the price is down, gas prices are still higher than they were before the energy crisis that began over three years ago.

The drop may be caused by increased expectations of more gas coming back to global markets.

The initial worries around gas supplies, which were a concern after the region's storage facilities were depleted in winter, are easing.