When will oil slip into backwardation next?

4

4XQs

I'd be interested in some opinions on how long it will take before the CL futures might move into backwardation (qualified guesses or not). Next summer? When the economy recovers and we really, really believe in it? When/if Iran gets bombed?
 
I think when treasury yield is going higher, I am still looking for more info on Saudi drop WTI price, doesn't look too good to move away from USD. stay out of way, oil price can be very volatile for next few weeks.
 
Quote from 4XQs:

I'd be interested in some opinions on how long it will take before the CL futures might move into backwardation (qualified guesses or not). Next summer? When the economy recovers and we really, really believe in it? When/if Iran gets bombed?
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backwardation is not a word
lugubrious is a word
but its not a grade of crude oil
 
number22, yes watching the yield curve would make sense. Is the shape of the yield curve normally an indication of shifts between contango and backwardation?

Prankster, umm... good luck with whatever you're up to.
 
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