Comment on Oil prices look poised to weaken — but the market is still vulnerable to shocks

Oil prices look poised to weaken — but the market is still vulnerable to shocks

Andrew Burton/Getty There have been mounting oil supply concerns over recent months. But now Saudi Arabia is promising record production and the US is mulling an SPR release. Still, the oil market remains vulnerable to supply shocks. Time to say goodbye to the backwardation? One of the most interesting changes in the oil market has been the ICE Brent forward curve, the front end has flattened considerably, which has seen the backwardation in the prompt spread flip to contango.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News