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post: RUSSIAN ENERGY MINISTRY: PRODUCTION VOLUMES EXCEEDED SINCE APRIL WILL BE FULLY ADJUSTED IN FUTURE post: RUSSIA IS FULLY COMMITED TO OPEC+ DEAL || RUSSIAN ENERGY MINISTRY: RUSSIA WILL SOLVE THE OIL OVERPRODUCTION ISSUE IN JUNE post: RUSSIAN ENERGY MINISTRY: RUSSIA OVERPRODUCED OIL IN MAY post: RUSSIA TO COMPENSATE FOR CRUDE OVERPRODUCTION THROUGH SEPTEMBER.
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When talking about the structure of the forward curve in the WTI futures market, there are two market terms traders should be familiar with. 1) Contango, when the forward price of a futures contract is higher than the spot price. 2) Backwardation, when the forward price of the futures contract is lower than the spot price. An oil lesson with Bob Iaccino ...