If you don’t mind me asking, what is this app or link?
DullHall7 on
will be interesting to see if we break 110
Crafty_Aspect8122 on
But why?
Independent-Ruin926 on
It didn’t though.
Spot wti at this moment is 110.4. spot brent is 112.56.
Futures are in backwardation and the last trading days of the contracts don’t align so brent nearest contract shows < than wti nearest contract because it’s later than the wti contract. The later the expiry date, the more the discount to spot because markets thinks this hormuz issue will resolve with time.
What has indeed happened is that the spread which used to be in 3 to 7 range went up to 19 on 19 march and now is down to just 2$. Strange, maybe due to short covering in WTI, I am not sure of the exact reason for this.
EverythingsComputer2 on
Crazy that natural gas has barely moved.
Middle-Ad5090 on
Is this a sign of what Donald was saying – come and buy ours, we have plenty = demand goes up?
DullHall7 on
iran pease talks have been going extremely well over night! strait will be open by the weekend.
7 Comments
If you don’t mind me asking, what is this app or link?
will be interesting to see if we break 110
But why?
It didn’t though.
Spot wti at this moment is 110.4. spot brent is 112.56.
Futures are in backwardation and the last trading days of the contracts don’t align so brent nearest contract shows < than wti nearest contract because it’s later than the wti contract. The later the expiry date, the more the discount to spot because markets thinks this hormuz issue will resolve with time.
What has indeed happened is that the spread which used to be in 3 to 7 range went up to 19 on 19 march and now is down to just 2$. Strange, maybe due to short covering in WTI, I am not sure of the exact reason for this.
Crazy that natural gas has barely moved.
Is this a sign of what Donald was saying – come and buy ours, we have plenty = demand goes up?
iran pease talks have been going extremely well over night! strait will be open by the weekend.
incoming