Back in backwardation ?

Oil
April 20, 2021

Crude prices continued to be lifted by a declining US dollar, while the Libyan national oil company declared force majeure on its Hariga port due to budget disputes with the country’s central bank. Backwardation levels on the Brent curve are now at healthy levels to incentivize stock draws.

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Back in backwardation ?

You might also read :

EUAs shed most of Thursday’s losses

Good economic reports fuel optimism about the global recovery

Gas & Power Report: Energy prices still find resistance on the downside in Europe

Simplifying energy markets