Please click on a button below to jump straight to that category.
June 29, 2022


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