Crude oil's futures curve will likely switch to contango this summer from the current backwardation as global inventory is expected to build which would ease supply tightness, Bank of America energy ...
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Oil Market Braces for Contango and Shale Slowdown
The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures curve now trading below $60 per barrel—beneath breakeven levels for most new shale wells.
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