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steve errington's avatar

Great read. I'm new here but would like for you to touch on the reasons the future contracts are still showing a reduced price and why that is thanks for your help

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Adam Cotterill's avatar

Fantastic analysis of the incredibly complex and constantly evolving crude oil market.

I was reflecting this weekend that the reason I find crude oil spot prices (and more broadly strip pricing) so fascinating is because they involve countless considerations; some knowable inputs and some unknowable, some financial elements and some physical, a sprinkle of geopolitics and foreign policy.

As you summed up perfectly - "the oil market has always been a difficult one to forecast; but right now, it’s more-or-less impossible." Well said, Rory. Keep up the great work.

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