If you believe, as classical textbooks do, that the commodities futures curves backwardation is a bullish indicator, then Brent Oil has a lot higher to go:
look at this Brent Oil curve that is getting increasingly backward…
If you believe, as classical textbooks do, that the commodities futures curves backwardation is a bullish indicator, then Brent Oil has a lot higher to go:
look at this Brent Oil curve that is getting increasingly backward…
