WTI curve steepens: front month at $105 while 2036 tail falls to $51 from $57 six months ago

The WTI futures curve shows the front month at $105, 2028 at $71 and the 2036 tail at $51, signalling present tightness and future overcapacity, according to analyst Daniel Lacalle. The 2036 contract traded near $57 six months ago, so spot has risen while the long-dated tail has fallen.

Detected & updated continuously · Source: Nebula