The six-month calendar spread for Brent futures is currently in a contango of $1.90, which is in the 24th percentile for all trading days since 1990, again indicating that the market is expected to remain well-supplied. None of these alternatives is clearly superior to a three-month postponement, which is therefore the most likely outcome from the meetings over Nov. 30 and Dec. 1. Picture taken February 11, 2019. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. The five-week calendar spread for dated Brent is currently trading in a contango of 70 cents a barrel, which is in the 16th percentile for all trading days since 2010, indicating physical crude supplies remain plentiful.
The six-month calendar spread for Brent futures is harder to operate.
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The six - month calendar spread for Brent futures is harder to operate .
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