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By John Kemp LONDON, Aug 20 (Reuters) – Oil markets only exhibit the current combination of falling spot prices and a calendar spread in backwardation relatively infrequently, which suggests the contradiction between them will resolve itself rapidly. Falling spot prices imply the production-consumption balance is expected to become less tight – but backwardation implies the … Read more
The post Commentary: World’s Oil price path depends on pandemic’s next phase: John Kemp appeared first on Energy News for the Canadian Oil & Gas Industry | EnergyNow.ca.
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