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.
Similar Stories to Oil Prices Look Poised To Weaken — But The Market Is Still Vulnerable To Shocks on Bing News
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Thu, 07/19/2018 - 5:15pm
Topics: andrew burton/getty saudi arabia time ice brent wti while july cushing the 360mbbls/d syncrude alberta september august ingsee business insidernow watch north korean kim jong un youtube wti canada market vulnerable shocks oil prices curve supply backwardation outage considerably year flatter concerns spread physical record start prompt flows front
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