Weekly Fundamentals - Front Month Crude Further into Backwardation
Cleobuzard2Russia-Ukraine crisis, FOMC announcement together with changes in fundamental outlooks resulted in a volatile trading week for crude oil. WTI crude oil soared earlier in the week as investors worried about the actions of the West after the Crimean referendum showed a landslide victory of Russia, although the real impact, if any, should be more on Brent crude.
Originally posted here:
Weekly Fundamentals - Front Month Crude Further into Backwardation
