May 20, 2022 14:40 GMT
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:
Source: Bloomberg
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