Front month WTI crude oil extends fall to nearly 30%, closes in on $13

The more actively traded June contract is down by nearly 9%
See here for global coronavirus case data
There's no love for oil in this market still.
The contango is now slowly approaching $10, which is unprecedented, ahead of the expiry/rollover of the front month (May) contract tomorrow.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *