crude oil futures

COT Black: Bad News For Jerome, Swap Dealers Seem Really Convinced

By |2017-12-07T16:37:37+00:00December 7th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US domestic stocks of crude oil continue to be quite high and now the futures curve is only a few pennies in the front month contract from being fully backwardated again. Contango is gone, which suggests that oil market is in sight of achieving some measure of balance. That anticipated equilibrium, however, is registering at [...]

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