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 :

Cushing draws surprise

Prices slightly down on bearish spot fundamentals and status quo on Ukraine

Chinese manufacturing outperforms expectations

Simplifying energy markets