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 :

Contraction of industrial activity in China but rebound in services

Joe Biden is set to lay out his stimulus package later today

Turkish lira down 15% after the dismissal of the central bank governor

Simplifying energy markets