Oil Futures are Upside Down. Why That Could Be a Bullish Sign

Upworthy

03 Apr 2023 0 shares 1 views

Upworthy

Published 03 Apr 2023

The market's prices in December are lower than today's. That could point to further price gains after OPEC's production cut.

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Oil Prices Are Surging, but Futures Are Falling. Why That’s a Bullish Sign

The trading pattern, known as backwardation, looks bearish but is often bullish. The reason: Traders buy cheaper oil and producers..

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