Long term 1st nearby-2nd nearby WTI chart… CQG

October 26, 2020 by Jim Colburn Leave a Comment

I update the long term vol chart to show perspective and recently to point out how the model broke down went front month prices went below zero… Here is my favorite charting source, CQG, with a long term front month, second month spread chart… I recall some press quotes “they are paying you $40 dollars to store oil!!!”… Actually, it was more because the second nearby was a positive number… Volume was relatively light, of course… Here is the chart:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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