This year is set to be the second hottest on record after 2016, according to the World Meteorological Organization and other data sources. Picture taken February 11, 2019. 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. 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.
This year is set to be the third coldest on record up.
( z0 set :ARG1 ( z1 year :mod ( z2 this ) ) :ARG2 ( z3 have-degree :ARG1 z1 :ARG2 ( z4 cold ) :ARG3 ( z5 most :ord ( z6 ordinal-entity :value 3 ) ) :ARG5 ( z7 record :mod ( z8 up ) ) ) )
(z0 / set-08
    :ARG1 (z1 / year
              :mod (z2 / this))
    :ARG2 (z3 / have-degree-91
              :ARG1 z1
              :ARG2 (z4 / cold-01)
              :ARG3 (z5 / most
                        :ord (z6 / ordinal-entity
                                 :value 3))
              :ARG5 (z7 / record-01
                        :mod (z8 / up))))
This year is set to be the third coldest on record up .
z1 :mod z2
z0 :ARG1 z1
z6 :value 0
z0 :ARG2 z3
z3 :ARG1 z1
z3 :ARG2 z4
z3 :ARG3 z5
z5 :ord z6
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z7 :mod z8