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Backwardation in oil markets… Bloomberg

You are here: Home / Commodity Research / Backwardation in oil markets… Bloomberg

January 16, 2022 by Jim Colburn Leave a Comment

Paul Wallace, Bloomberg, writes about tightness in oil markets causing backwardation, here…

“Oil posted a fourth-straight gain last week, its longest rising streak since October, amid signs consumption will hold up despite the spread of the omicron variant of the coronavirus. At the same time, spare capacity is dwindling as some of the world’s biggest producers struggle to boost output.”

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