Oil’s Futures Curve Signals Renewed Supply Risk | Presented by CME Group
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YouTubeBloomberg News
Oil’s Futures Curve Signals Renewed Supply Risk | Presented by CME Group
Crude oil usually trades in contango, with later-dated futures priced above near-term contracts. But renewed tensions around the Strait of Hormuz, low inventories and the threat of supply disruptions have pushed the curve back into backwardation, creating a hefty premium for near-term oil. Presented by @cmegroup https://www.cmegroup.com ...
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