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Crude backwardation strengthens

WTI CURVE

Crude backwardation strengthens with front spreads highest since March

  • Brent JUL 22-AUG 22 up 0.2$/bbl at 2.42$/bbl
  • Brent DEC 22-DEC 23 up 0.19$/bbl at 12.31$/bbl
  • WTI JUL 22-AUG 22 up 0.1$/bbl at 3.17$/bbl
  • WTI DEC 22-DEC 23 up 0.32$/bbl at 12.87$/bbl
  • The graph below shows the change in WTI forward curve from 1 month ago:

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Crude backwardation strengthens with front spreads highest since March

  • Brent JUL 22-AUG 22 up 0.2$/bbl at 2.42$/bbl
  • Brent DEC 22-DEC 23 up 0.19$/bbl at 12.31$/bbl
  • WTI JUL 22-AUG 22 up 0.1$/bbl at 3.17$/bbl
  • WTI DEC 22-DEC 23 up 0.32$/bbl at 12.87$/bbl
  • The graph below shows the change in WTI forward curve from 1 month ago: