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ICE reported record open interest in North American natural gas contracts on August 25, reaching 23 million lots. Open interest in Dutch TTF futures and JKM also rose sharply year over year.
Record trading activity reflects heavier hedging of gas price risk but does not on its own signal a change in supply or demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.