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Crude oil comment: Deferred contracts still at very favorable levels as latest rally concentrated at front-end

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Publicerad: 22 Jan 11:53

Bouncing up again after hitting the 200dma.

Bitter cold winter storm in Texas adding to it. Brent crude continued its pullback yesterday with a decline of 1.

1% to USD 79.

29/b trading as low as USD 78.

45/b during the day dipping below the 200dma line while closing above.

This morning it has been testing the downside but.

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Crude oil comment: Deferred contracts still at very favorable levels as latest rally concentrated at front-end

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