Futures prices point to more balanced oil market in second half: Kemp

April 13, 2015 8:32 PM

55 0

Futures prices point to more balanced oil market in second half: Kemp

Professional commodity traders watch spreads (differences between the prices for adjacent futures contracts) rather than spot prices as the best indicator of the balance between supply and demand.

In crude, the narrowing spreads for both Brent and West Texas Intermediate (WTI) indicate a closer balance between supply and demand in the second half of the year than in the first.

Also read: Welage leads San Jose State over Idaho 58-49

Read more

To category page

Loading...