Free Trial

Front-end Flattening in Crude Futures Curve This Week

COMMODITIES

WTI traded inside the week's range Friday, providing few new technical signals in either direction. Newsflow was light and a lack of movement in the USD saw markets consolidate into the close, with much of the price action happening earlier in the week as commodities more broadly rallied on vaccine optimism. The WTI futures curve flattened markedly, with contracts out to Aug'21 rising over $1 or more per bbl.

A similar story in gold, as spot recovered further from the Thursday low, but stopped short of any major test on the week's best levels at $1899.15.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.