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 gave back gains after hitting a fresh intraday record

EUAs posted losses on retreating energy complex

OPEC produced less crude in June

Simplifying energy markets