Forward looking contracts for CL1! and CL2! are now in Contango for Oil, first time since 2020.
Potentially a significant moment, it indicates an oversupply in the market so is bearish on current spot price.
Potentially a significant moment, it indicates an oversupply in the market so is bearish on current spot price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.