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OPEC+ plus countries probably will not need to raise oil output later this year without a ramp-up in world demand, a founder of Energy Aspects said. Led by Saudi Arabia, the Organization of Petroleum Exporting Countries and its partners unveiled a plan earlier this month to gradually start restoring roughly 2 million barrels a day of shuttered production ...
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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 ...