Hurricane Milton: Power Outage Bets Ramp up Among Gas Traders

• Energy traders are betting that Hurricane Milton will spark power outages in Florida.
• US natural gas futures have fallen 8% in the last three days.
• Traders, though, have ramped up long positions on natural gas in recent weeks amid rising prices

Energy traders are on high alert for Hurricane Milton and are ramping up bets that the weather event is about to knock out electricity in Florida and surrounding states, leaving power p