#Latest news with #FuturesCurveBloomberg2 days agoBusinessBloombergOil Curve Shift Shows Fears of Protracted Mideast ConflictThe oil futures curve is strengthening on concerns that Israel's latest strike on Iran could have severe and long-lasting repercussions. Front-month Brent prices have spiked by as much as 13%, but there's also movement for contracts further out with timespreads rallying. The so-called smile or hockey stick pattern that's characterized the shape of the futures curve for months — featuring a contango structure and signaling loose balances in the long term — has now all but disappeared.
Bloomberg2 days agoBusinessBloombergOil Curve Shift Shows Fears of Protracted Mideast ConflictThe oil futures curve is strengthening on concerns that Israel's latest strike on Iran could have severe and long-lasting repercussions. Front-month Brent prices have spiked by as much as 13%, but there's also movement for contracts further out with timespreads rallying. The so-called smile or hockey stick pattern that's characterized the shape of the futures curve for months — featuring a contango structure and signaling loose balances in the long term — has now all but disappeared.
2 days ago
