Chris Weston: Big levels tested in Brent crude. The futures curve is still in backwardation, but its flattening out, with the 1st v 8th month futures curve (shown) $1.25 from inversion (contango) and 1st vs 2nd futures spread $0.44 from inverting - traders pay carry on the carry on the roll - Sky-Tide Marketing

Chris Weston: Big levels tested in Brent crude. The futures curve is still in backwardation, but its flattening out, with the 1st v 8th month futures curve (shown) $1.25 from inversion (contango) and 1st vs 2nd futures spread $0.44 from inverting – traders pay carry on the carry on the roll

September 10, 2024

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