Brent Contango Reversal

[eugenie98]

From this morning:

I don't understand why the Contango situation has been reversed with Brent (it's now backwardation) but is still active with WTI, anyone care to explain?

Latest Brent:
September U6 contract: 78.33
October V6 contract: 78.10

Latest WTI:
September contract: 77.06
October contract: 78.40

Gene

 

[volga]

it is a very complex game.. has a lot to do with the real contract specifications of brent futures and the physical stream.. have a read and i think u will answer ur questions very easily.