Everything reminds me increasingly on February 2009!
spread today partly risen to $ 18.
But
only the current March contract, which expires in few days. The April contract is
for WTI "fixed" at $ 89.48, while March has dropped down to $ 85.46 today - ie a contango of as much as $ 4
The May contract even comes with "rich" $ 93 It., That is "just" a spread of $ 10 for Brent.
was in the top of the contango in WTI time for a few hours just under $ 8 - and then like a rocket to shoot up.
The adjustment may not be long in coming ... grown
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