Brent crude oil's 12-month spread contracted sharply by $0.09, representing a 20% pullback for the week. The 6-month spread experienced an even steeper compression, narrowing $0.18 or 34% as of December 19. Meanwhile, front-month deliveries saw pricing pressure, slipping $0.65—a 1% decline—dropping from $61.12 to settle at $60.47. The week's volatility across multiple contract tenors reflects shifting market sentiment within the crude oil complex, with curve flattening dynamics rippling through the commodities space. These moves underscore the importance of monitoring both near-term and structural price relationships in energy markets.
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CoffeeNFTs
· 4h ago
The recent movement in oil prices is quite fierce, with spreads significantly retracing, and the market seems a bit panicked.
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Last month's contracts dropped below $60, really intense.
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The curve has flattened, which is the key... need to keep a close eye on it.
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For the December market, I really can't quite understand it.
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June's spread was cut by 34%?? Is this a liquidation?
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Structural issues in the energy market are emerging; it feels like a change is coming.
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PaperHandSister
· 4h ago
Oil prices really can't hold this trend anymore; the curve has flattened...
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A 34% drop in 6 months? I'm honestly stunned.
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It's another volatile market, who the hell can make money?
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If the spread continues to shrink like this, will it just crash later?
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What monitoring? I already ran away.
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Wait, only a slight drop from 61 to 60? Feels like it might continue.
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Can you stop posting oil price data every day? I only care about making money.
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SocialFiQueen
· 4h ago
The recent drop in oil prices is quite significant, and the curve has flattened.
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fren.eth
· 4h ago
Oil prices have dropped sharply this time, and the spread has been flattened.
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LeekCutter
· 4h ago
Oil prices are dropping quite sharply this time, even the curve has flattened.
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UnruggableChad
· 4h ago
This wave of oil price decline is serious... even the curve has flattened.
Brent crude oil's 12-month spread contracted sharply by $0.09, representing a 20% pullback for the week. The 6-month spread experienced an even steeper compression, narrowing $0.18 or 34% as of December 19. Meanwhile, front-month deliveries saw pricing pressure, slipping $0.65—a 1% decline—dropping from $61.12 to settle at $60.47. The week's volatility across multiple contract tenors reflects shifting market sentiment within the crude oil complex, with curve flattening dynamics rippling through the commodities space. These moves underscore the importance of monitoring both near-term and structural price relationships in energy markets.