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June 29, 2022

Backwardation…

Published by Kuppy at June 29, 2022
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One of the great mysteries of modern finance is the shape of the crude oil curve. For a summary, it’s in backwardation with the slope levelling off in the mid-$60s during the back half of this decade. Market participants clearly recognize that the spot market is tight, and they are bidding up the front of the curve into a steep backwardation. Why hasn’t the Read More
Categories: Investments
Positions Mentioned: Oil
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