Contango Tumbles To 2-Month Lows As WTI Crude Melts Up Above $49

Submitted by Tyler Durden on 03/25/2015 13:57 -0400

• Contango
 
• Crude
 
• Twitter
 
• Twitter

inShare

 

Fifth ramp in 5 days takes WTI crude back above $49 for the first time in 2 weeks... on the heels of record production, record streak of inventory builds, and record inventory at Cushing. The 1Y spread has compressed to 2-month lows...

WTI melts up...

Contango at 2-month lows...

as the whole curve flattens...

Charts: Nanex and Bloomberg

Average: