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The path forward for OPEC+ is perilously narrow. Some members are laser-focused on a higher oil price to balance their budgets, while others prioritize volume. Some members are overproducing while others continue to accept voluntary cuts. African members feel neglected. Russia, Iran and Venezuela remain under sanction. Production quotas have contributed to ...
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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 ...