Wed, Dec 2, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Fund Profile, Oil more

Hedge funds bet on tightening oil market despite Doha debacle

Posted on 21 April 2016

Brent futures prices are signaling the market expects a rapid tightening of the supply-demand balance in the second half of 2016. The spread between futures prices for oil delivered in June and July has moved into a backwardation of 17 cents per barrel from a contango of almost 50 cents at the end of last month.
Contango tends to be associated with an oversupplied market and high and rising stocks, while backwardation is associated with the opposite……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
December 2020
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
2728293031