"Insane " volatility on back of Brent curve

A

Alex165

ICE Brent Z17Z18 spread "died" yesterday, for almost 24 hours it's 7-8 ticks range and we are after inventories, don't remember such situation in the past. Does anyone expecting some major move on the Brent curve or we are done for the year? I mean back of the curve, as there is a lot of fun on the front last couple days.
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Yes, sorry, my mistake Z18Z19. I know that there is little impact on back of the curve. But after some more outright volatility I just was expecting something on 'backs'. You know expectations - the main enemy of every trader.
 
Near-front volatility was mostly driven by unexpected closure of Forties pipeline. As this should be repaired in a matter of weeks, I would not expect the back end of the curve to be impacted to the same extent.
 
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