View RSS Feed

TechnoMeter

  1. Crude Oil Price Forecast: 4% Rise To Start 2018 Seen Tempting Shale

    by , 01-11-2018 at 12:19 PM
    In a world where crypto currency momentum seems to defy physics, Crude Oil’s bid does not appear to be purely speculative fervor. Instead, there has been a steady drop in U.S. crude stockpiles backed by refiner demand. The drop in stockpiles has lead to backwardation where front month futures contracts are receiving a premium over later dated future contracts. In a commodity market, backwardation is a way of using the financial market’s collective intelligence to signal market tightening, which ...